GFK Forcasts 9% Growth For Second Half
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Only day after reporting that consumer electronic sales in the Asia Pacific region had grown 13% in the first half of 2008 leading research group GFK is now claiming that the markets for computer and consumer electronic goods is set to rise by 9% in the second half of the year.

Only day after reporting that consumer electronic sales in the Asia Pacific region had grown 13% in the first half of 2008 leading research group GFK is now claiming that the markets for computer and consumer electronic goods is set to rise by 9% in the second half of the year.


They say that spending on audio, TV and video, photographic, IT and telecommunications hardware is forecast to rise by 9% to USD 680 billion this year.
These are the findings of a continuous survey carried out by GfK Retail and Technology in several countries including Australia and New Zealand.
The Asia Pacific region is the fastest-growing region, with 17% sales growth being forecast.
The three most important product categories are expanding strongly, with mobile phone sales increasing by 14% a year in value terms, TVs by 11% and consumer PCs by 10%. In each of these categories, which together make up some 65% of the total market, growth is being driven by innovation in the form of products such as smart phones and flat screen TVs, and by the continued shift from desktop PCs to notebooks.