Christmas holiday spending on electronics in the US is set to jump nine per cent this year, according to a survey by the US-based Consumer Electronics Association.
Separate research by IBM found that 55 per cent of consumers plan to spend some portion of their holiday budget on consumer electronics, and that two-thirds of consumers buying electronic products are seeking multi-functionality from their devices.
According to an electronics industry expert at IBM this year's buying habits are driven by the value created by new combinations of products.
"Consumers are looking for 'meta-value'," said George Bailey, IBM Business Consulting Services' global leader for the electronics industry practice.
"It's not just the device, but the game-changing nature of combining new product technologies with accessories, services and content to provide a simple but complete solution that changes the way the consumer lives their life."
Revenues from sales of digital music players are up 105 per cent this year, according to the Consumer Electronics Association.
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