Signaling the challenge retailers face in achieving the 5% increase in 2005 holiday gift sales projected by The National Retail Foundation and The icom of Shopping Centers, these results were obtained from the recently completed "Affluent Market Tracking Study #8" by The American Affluence Research Center.
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There are a number of reasons why the competition was allowed to get ahead of SE handsets. When a number of big names among Android manufacturers were starting to release smartphones with cutting-edge hardware, SE's handsets were left behind. motorola and LG released two of the first Android devices sporting a 1 GHz dual-core processor. These were the LG Optimus 2X and the motorola Atrix. Early in 2011, both HTC and Samsung soon followed. HTC released the Sensation and Samsung released the Galaxy S2. The two smartphones came packed with 1.2 GHz dual-core processors. When everyone else were releasing phones sporting cutting edge technology, SE was stuck with single-core handsets such as the Play and the Arc S. This is no longer the case with the Xperia S.
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As usual, the spending will not end on Christmas, the ICSC also found. Nineteen percent of consumers plan to go shopping the day after, and 47 percent said they would be out the week between Christmas and New Year's.