CEA Projects Record $22 Billion in Consumer Electronics Holiday Sales.Video Games See video game console. , Laptops and Accessories Set Pace for a $48 Billion Fourth Quarter ARLINGTON Arlington, county, United States Arlington, county (1990 pop. 170,936), N Va., across the Potomac River from Washington, D.C. Arlington is a residential and commercial suburb of Washington. , Va. -- Consumer electronics products dominate the holiday wish lists of adults and teens and will generate $48.1 billion in fourth quarter sales, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. research from the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ([R])). Results from the 14(th) Annual CE Holiday Purchase Patterns study were presented today at CEA's Industry Forum, a four-day conference designed to inform, connect and educate CE professionals, industry analysts and the media on the latest CE trends and technologies. "Consumer electronics will be the shining star of holiday retail sales, accounting for 22 percent of all gifts given," said CEA Economist Shawn Shawn , Ted 1891-1972. American dancer and choreographer noted for his partnership with Ruth Saint Denis. Together they founded the Denishawn Dance School (1915), for which he choreographed works based on Native American themes. DuBravac. "Two of the top 5 items on adults' holiday wish lists are consumer electronics, and four of the top 5 items on the teen list are CE devices, so today's hottest technologies will be on every holiday shopper's mind. Holiday sales will be particularly jolly for the video game category (hardware and software), laptop computers A portable computer that has a flat LCD screen and usually weighs less than eight pounds. Often called just a "laptop," it uses batteries for mobile use and AC power for charging the batteries and desktop use. Today's high-end laptops provide all the capabilities of most desktop computers. and the endless array of accessories available for your favorite product." The top five wish list items for all adult survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. : computers, peace and happiness, big screen TV, clothes and money. Notably, the big screen TV moved up in the 2007 survey to number three from 11th in 2006. The teen list remained unchanged: clothes, MP3 player A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. , video games, computer and cell phone. "While overall holiday spending will increase, we found consumers are cutting back on decorations, home purchases and travel, but not gifts, especially electronics. The average CE gift giver will spend $358 on those gifts this season," said DuBravac. CEA forecasts $22.1 billion will be spent on holiday CE gifts this year, which represents 46 percent of total fourth quarter revenue for consumer electronics. Total fourth quarter sales will reach $48.1 billion - a 7 percent increase from $44.8 billion in 2006. The survey also tracked specific consumer electronics consumers hope to receive. The top five CE gifts adults wish for are MP3 players, notebook/laptops, video game systems, digital cameras and any type of TV. For teens, MP3 players, digital cameras, notebook/laptops, computers and any type of TV round out the top five items on their wish list. Leading the "planned gift" list this year - a list of the CE products respondents intend to purchase for someone else -- are video game systems, additional memory for cameras, MP3 players, DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. and digital cameras. "Both lists demonstrate strong industry trends; consumers want to connect with others, create additional content, be more flexible and enhance the products they already have," said DuBravac. "Many households today desire greater portability and are replacing desktops with laptops. These laptops can do more than they could a few years ago, facilitating content creation. Video games and other devices are incorporating social networking See social networking site. social networking - social network applications and user interfaces, connecting like-minded like-mind·ed adj. Of the same turn of mind. like-minded Adjective sharing similar opinions Adj. 1. consumers around the world. And accessories are enhancing all of these products, making the user experience better than ever." For more information on how to purchase technology for the holidays, visit www.digitaltips.org, CEA's consumer based web guide to all things CE. Currently posted online are modules for audio, digital imaging, digital televisions and MP3 players, all hot holiday items this season. 14th Annual CE Holiday Purchase Patterns (October 2007) was fielded in late September 2007. It was designed and formulated for·mu·late tr.v. for·mu·lat·ed, for·mu·lat·ing, for·mu·lates 1. a. To state as or reduce to a formula. b. To express in systematic terms or concepts. c. by CEA Market Research, the most comprehensive source of sales data, forecasts, consumer research and historical trends for the consumer electronics industry. Please cite any information to the Consumer Electronics Association (CEA [R]). The complete study will be available free to CEA member companies. Non-members may purchase the study for $499 at http://www.ebrain.org. About CEA: The Consumer Electronics Association (CEA) is the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae trade association promoting growth in the $148 billion U.S. consumer electronics industry. More than 2,100 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES - Where Entertainment, Technology and Business Converge con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. . All profits from CES are reinvested into CEA's industry services. Find CEA online at www.CE.org.
UPCOMING EVENTS
-- CEA Industry Forum
October 15-17, 2007, San Diego, CA
-- EHX Fall 2007
November 6-9, 2007, Long Beach, CA
-- Future of Television Forum
November 8-9, 2007, New York, NY
-- CES New York Press Preview Featuring CES Unveiled
November 13, 2007, New York, NY
-- CONNECTIONS(TM) Europe: Strategies for Digital Living Markets
December 4-6, 2007, Berlin, Germany
-- 2008 International CES
January 7-10, 2008, Las Vegas, NV
-- 2008 PARA Conference
March 11-13, 2008, Orlando, FL
-- EHX Spring 2008
March 11-15, 2008, Orlando, FL
-- Digital Patriots Dinner
April 2, 2008, Washington, DC
-- CEA Washington Forum
April 2-4, 2008, Washington, DC
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