Tech buying peaked during Black Friday weekend, says new CTA survey

Published: Nov 30, 2015 17:39
According to a new report released by the Consumer Technology Association (CTA), the tech buying that started on Monday before Thanksgiving has peaked during the Black Friday weekend.

By Paul Ploumis (ScrapMonster Author)

November 30, 2015 02:37:21 AM

SPOKANE (Scrap Monster): According to a new report released by the Consumer Technology Association (CTA), the tech buying that started on Monday before Thanksgiving has peaked during the Black Friday weekend. The 2015Post Black Friday Survey indicates that an estimated 56.9 million American adults have bought or plan to buy tech products during the week.

Online and mobile device shopping played a critical role in driving shopping traffic this Thanksgiving holiday week, among the 125 million Americans planning to shop throughout the week. A combined 85 percent of those who shopped did so online or via mobile. The survey noted that number of online and mobile shoppers is quickly approaching the number of in-store shoppers this year. Of those who shopped Black Friday Week 2015, 74 percent shopped online and 57 percent shopped using a mobile device such as a smart phone or tablet.

CTA estimates that Americans will spend $40 billion over the entire 2015 Thanksgiving shopping week. Consumers who shopped spent an average of $319 – a 14 percentage point decrease over 2014. In total, 27 percent of U.S. adults shopped on Black Friday (up from 24 percent in 2014) and 10 percent shopping on Thanksgiving Day (down from 14 percent last year).

The top tech products that are likely to be purchased by consumers during the Black Friday Week are smart phones, televisions, tablets, tech accessories, laptops, video game consoles, DVD/Blu-ray Disc players, headphones, fitness activity trackers and digital media streaming devices.

According to CTA, total tech spending during the entire holiday shopping season will increase 2.3 percent to reach a record $34.2 billion in 2015.

The CTA report is based on the findings of a quantitative study administered via telephonic interviews conducted between November 27 and 28, 2015. The CTA, formerly the Consumer Electronics Association (CEA), is the trade association representing the $285 billion U.S. consumer technology industry.


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]
3 hours ago
Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]
Read More
Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]
Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]
[SMM Lead Morning Briefing: The Impact of Supply and Energy outside China Continued, and LME Lead Fluctuated Upward] SMM News on March 31: Overnight, LME lead opened at $1,904.5/mt. The impact of geopolitical developments outside China recurred, while the effects of supply and energy on nonferrous metals intensified, and LME lead fluctuated upward throughout the day......
3 hours ago
Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]
3 hours ago
Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]
Read More
Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]
Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]
[SMM Lead Morning Meeting Summary: Macro Factors and Fundamentals Present Both Bullish and Bearish Signals, and Lead Prices May Continue to Consolidate in the Short Term] Fed Chairman Powell released dovish signals, and the market once again bet on the possibility of an interest rate cut within the year. Recently, production at primary lead and secondary lead smelters has resumed, supply has been relatively ample, and imported lead has continued to flow into China...
3 hours ago
Dubai Crude Lead FOB Price at LME Spot + $120: SMM Report
16 hours ago
Dubai Crude Lead FOB Price at LME Spot + $120: SMM Report
Read More
Dubai Crude Lead FOB Price at LME Spot + $120: SMM Report
Dubai Crude Lead FOB Price at LME Spot + $120: SMM Report
[Imported Lead Market Update] According to SMM, the recent FOB price of Dubai crude lead (99.985%) was the LME spot price + $120.
16 hours ago