Recently Released Market Study: Philippines Consumer Electronics Report Q2 2013
BMI expects the Philippines IT market will grow by around 10% in 2013. Despite an uncertain economic outlook, consumer electronics spending is likely to remain fairly strong in the coming quarters, with government spending providing a stimulus. We have revised upwards our full-year 2013 consumer electronics growth outlook from 8% to 10%% as a result of the sector's stronger-than-expected performance in H112. Given the Philippines' low PC penetration, many provincial markets are relatively untapped territories, while rural populations contain the...
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