Whom You Know: Record Number of Americans to Buy Tech Over Black Friday Week, Says CTA Almost half of consumers - ten percentage point increase - will buy tech during Black Friday Week Our Coverage Sponsored by Stribling and Associates

Monday, November 21, 2016

Record Number of Americans to Buy Tech Over Black Friday Week, Says CTA Almost half of consumers - ten percentage point increase - will buy tech during Black Friday Week Our Coverage Sponsored by Stribling and Associates

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A record-setting 116 million Americans - almost half the U.S. adult population (47 percent) - plan to purchase tech or tech accessories during Black Friday Week, according to new research released today by the Consumer Technology Association (CTA)™. CTA's 2016 Pre-Black Friday Survey shows a ten percentage point jump in the number of American adults planning to buy tech products from the Monday before Thanksgiving through Cyber Monday (November 21-28, 2016). The survey, fielded after the 2016 U.S. Presidential election, finds the outcome will not significantly impact the timing of consumer holiday shopping plans with only 12 percent planning to shop later this year because of the election.

"By all accounts, the 2016 Black Friday week looks like it will be a record breaker for tech," said Shawn DuBravac, Ph.D., chief economist, CTA. "Even with delayed promotions from retailers and manufacturers, and signs of pre-election uncertainty, we expect consumer enthusiasm for technology purchases during the holidays to be higher than ever."

Top Tech for Black Friday Week

Among U.S. adults intending to purchase tech products during the week of Thanksgiving, the top ten tech products shoppers plan to buy are:

Televisions

Laptop computers

Smartphones

Videogame consoles

Tablet computers

Headphones

Tech accessories

DVD or Blu-ray Disc players

Digital cameras

Wearables

"Outside of the tech perennials - TVs, laptops, smartphones - expect to see front page circular deals from a variety of retailers on emerging products including drones, virtual reality and digital assistant devices such as the Amazon Echo or Google Home," said DuBravac. "On average, half of the unit volume of newer, emerging categories sells in the fourth quarter alone - a promising indicator for these new and innovative products."

Over the course of the fourth quarter holiday season, CTA projects strong U.S. sales for:

Drones (1.2 million units in the 2016 holidays, a 112 percent increase over 2015)

VR (700,000 headset units during the 2016 holiday season)

4K Ultra High-Definition (4K UHD) TVs (2016 holiday shipments of 4.5 million units)

Unstoppable Online and Mobile Shopping

In total, a record 180 million U.S. adults plan to shop during Black Friday Week. Almost half (46 percent) of U.S. adults - 114 million people - plan to shop online, and notably, over two thirds (70 percent of online shoppers) plan to use mobile devices. Most Black Friday Week shoppers still plan to shop at a physical store (54 percent).

CTA's 2016 Pre-Black Friday Survey was designed and formulated by the Consumer Technology Association. It represents the findings of the study conducted November 10-13, 2016 using a combined landline and mobile telephone sample consisting of 1,011 U.S. adults. Please cite any information to the Consumer Technology Association (CTA)TM. For CTA's Pre-Black Friday Survey and full holiday outlook, visit CTA.tech/holiday.

About Consumer Technology Association:

Consumer Technology Association (CTA)TM, is the trade association representing the $287 billion U.S. consumer technology industry. More than 2,200 companies - 80 percent are small businesses and startups; others are among the world's best known brands - enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. The Consumer Technology Association also owns and produces CES® - the world's gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA's industry services.

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