14 Nov '11, 1pm

Consumer electronics market weakening?

SINGAPORE: One of Singapore's biggest electronics retailers has said its November sales are ahead of those of last year. Meanwhile, Courts has struck a cautious tone ahead of the Christmas season although CEO Terry O'Connor told Channel NewsAsia the global economic slowdown is yet to harm his business. Fierce discounts by Courts and its rivals Best Denki and Harvey Norman are ringing loudly for the holiday season. It is no different to any other year except this year. The companies that churn out TVs, PCs and other gadgets are struggling in one of the industry's most prolonged downturns. UBS chief investment strategist Kelvin Tay said: "We expect the weakness in consumer electronics equipment to continue. "And not only that, we do expect a shift in terms of consumer preference towards tablets and smartphones, away from desk top PC segment." Hard times for manufacturers may...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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