2014-01-25 17:44:50 - Recently published research from Business Monitor International, "Hong Kong Consumer Electronics Report Q1 2014", is now available at Fast Market Research
Hong Kong remains an attractive consumer electronics market due to high incomes and strong demand for the latest products. However, spending growth on consumer electronics devices slowed in 2012 and 2013 due to a combination of a weaker economic environment, price erosion and high penetration of devices in key markets. Countering some of the impact of high penetration rates are the short replacement cycles in key product categories such as smartphones and tablets, helping spending growth to stay in positive territory and BMI estimates total spending increased 5.7% in US dollar terms in 2013 to reach US$4.45bn. There is, however, downside risk to this scenario from the negative wealth effect of any cooling in property prices that would hit consumer
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About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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