Spending on consumer electronics up 2.5% this holiday season

Spending on consumer electronics is expected to hit a record $33.7 billion this holiday season. That is a 2.5 percent increase from last year, versus a 0.9 percent increase between 2012 and 2013. According to projections from the Consumer Electronics Association, new consoles by Sony and Microsoft, plus Apple's new phones and expected new iPads, could help to boost sales in the category. Story