Hi-tech gadget sales double in China

New middle class buying more and spending more

Written by Simon Burns in Taipei

Sales of some consumer electronics products have more than doubled in China over the past year as the country's new middle class becomes increasingly affluent.

Personal media player sales almost tripled to 590,000 in the first six months of 2007, according to Beijing-based CCID Consulting, while sales of flat-screen TVs more than doubled to 3.3 million.

First-half revenues in seven key hi-tech product sectors tracked by CCID rose 46 per cent on average to exceed $5.9bn.

Consumer electronics products tracked by CCID include entertainment-related devices such as digital cameras and MP3 players, but do not include computing or communications products such as PCs, mobile phones and video games.

"Dramatic price cuts greatly stimulated LCD TV sales, while plasma TV sales also rebounded strongly," CCID analysts wrote in a recent report.

"HD digital TVs have replaced the previously more common TVs, while flat-panel TVs and digital TVs are becoming the two major cores of the TV market.

"The Chinese state is actively pushing forward LCD panel projects, and offering enterprises greater support."

Flat-panel TV sales generated revenues of $3.8bn in the first half, while vendors made just over $1bn from digital cameras.

While unit sales grew 40 per cent compared to the first half of 2006, sales revenues were up 46 per cent over the same period.

CCID analysts said that, unlike more mature markets, the average price consumers pay per product is increasing in China despite a global downwards price trend for consumer electronics.

Tags:

Further reading

China on track for half a billion mobiles

3G rollout planned in time for Olympics   More...

China Mobile gets even bigger

World's largest mobile operator sees surge in sales, profit and subscribers   More...

Warcraft 'stole our fonts', developer claims

$13m demanded in World of Warcraft court case   More...

China's retailers to spend $1bn on IT

Boom in consumer spending driving IT uptake   More...

Related articles

LG promises more iPhone-style handsets

Firm reports surge in profits from LCDs and mobiles   More...

China heads for world's largest online population

210 million and counting ...   More...

Toshiba posts mixed Q3 results

Sales up but profits down   More...

LG reports buoyant sales and profits

Korean firm selling seven million mobile phones a month   More...

Do you agree?

Advertisement

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Watch

16 May 2008

2.97 MBXP on OLPC, broken dreams and Yahoo fights back More...

15 May 2008

3.28 MBDark fibre, mobile TV and solar power More...

14 May 2008

2.66 MBOnline inequality, mobile thumbprints and corporate raids More...

Poll

HOME WORKING

HOME WORKING

Do you let any or all of your employees work from home?

Previous poll results

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Spotlight

OLPC

OLPC to ship with Windows XP

Microsoft teams up with One Laptop per Child project   More...

The Sims

The Sims goes flat-pack with Ikea

Virtual world gets Swedish wood   More...

Advertisement

Microsoft-Yahoo

Yahoo board fights back at Icahn

Investor accused of 'significant misunderstanding' in Microsoft saga   More...

MySpace

Woman charged over MySpace suicide

Lori Drew indicted on federal charges   More...

Advertisement