Electronic booming in Asia

Consumer electronics sales in Asia are booming. According to new market data from research firm GfK Asia, China’s retailers reported sales of more than four million LCD televisions last year and more than 50 million TVs of all kinds were sold in the Asia-Pacific region’s key markets.

As prices fall, and disposable incomes rise, even shoppers in the region’s poorer nations are beginning to snap up sophisticated gadgets that would have been unaffordable just a few years ago.

“The digital portable video player segment did not exist two years ago,” said GfK analyst Steven Kaiser.

“Today, video playback is a feature on nearly one-third of all players sold in the Asian region. Such is the pace of technology.”

Some 22 per cent of the 23 million DVD players sold in Asia during 2006 had recording capabilities, and the a market is now worth $500m, GfK reported.

This market is expected to continue to grow, driven by cheaper memory chips and more downloadable digital content.

Source: ITNews | Photo source