While budgets may be tight this holiday season, spending on electronics is expected to rise 5 percent from 2009. According to the Consumer Electronics Association, consumers will spend roughly $232 on gadgets alone this year. A recent survey by Retrevo also shows that 16 percent of respondents will be spending more money on electronics this year than in 2009.
The driving forces behind this willingness to open one’s wallet are the iPad, the Kindle and MP3 players. In fact, tablets like the iPad are in even higher demand than HDTVs.
Smartphones are also performing well this year. Android phones, in particular, have seen massive popularity. U.S. Cellular sold 130,000 Android phones in the third-quarter of 2010 alone, and shows no signs of slowing down.
Seniors looking for that last-minute gift should take this information to heart. Traditional gifts like clothes are losing favor to high-tech gadgets, but this doesn’t mean you have to spend an arm and a leg to get a great gift. Some devices like MP3 players may have great prices as the battle against smart phones and the music market continues.