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Digitalization transformed the consumer electronics sector, delivering new and exciting entertainment products that have changed the way we live. It paved the way for digital devices such as camcorders, DVD player/recorder, still camera, computer monitor and LCD TV. The computer industry has also benefited, making its way into the family living room. Miniaturization also accelerates the growth of the consumer electronics industry.

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As in recent years, experts are forecasting that consumer electronics will top wish lists in the upcoming holiday season. And, although some shoppers continue to favour brick-and-mortar stores, an increasing number of consumers are finding better prices and greater selections of consumer electronics through online stores. Gaming systems, cell phones, and Music & Video Players are three categories of consumer electronics that are forecast to be especially hot this holiday season:

Gaming systems. The recent launch of Halo 3 left no doubt among entertainment industry experts that video games and video game consoles can rake in more money than Hollywood movie premieres. Although in some circles Sony's PlayStation has been left holding the bag, PS3 gaming systems are still hot commodities, especially for families with children. As some of the other gaming systems have skewed their video game releases to the teenage and adult markets, PS3 and PS2 systems have remained home to a vast array of kid-friendly games.