Bahrain Consumer Electronics Q3 2018
We continue to maintain our positive outlook for device spending in Bahrain the latest Q318 update. Bahrain remains asmall but lucrative consumer electronics market, and strong support from recovering oil prices, economic diversificationinvestments and demographic trends will help to counter the limitations on growth set by a mature core market where most devicecategories are saturated by 2018. This should see modest overall device spending growth; with upside if new technologies such asVR/AR or wearables achieve mass market adoption. Although one of the better positioned GCC markets due to high spendingpowers, regional political tensions, potential oil price fluctuation and the introduction of a GCC-wide VAT in Q418 remain sources ofdownside risk.
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