BMI View: Rising household incomes offer potential for strong growth in consumer electronics demand as consumers look to get their hands on the latest devices. Flat-screen TVs and smartphones will drive volume sales, with the replacement cycle for mobile handsets comparatively shorter than other segments. Nevertheless, the rising price of smartphones means new devices are bought slightly less often, although the value of the market continues to increase. Downside potential to our outlook is the impact of credit tightening and the regional property slump, which may see some slowdown in the rate of sales. Headline Expenditure Projections Computer hardware sales: …
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