France Consumer Electronics Q1 2019
France is home to a developed consumer electronics market with high levels of ownership in all the major devicecategories. As a result volume growth opportunities are largely restricted to newer product groups, and vendors will rely onreplacement demand for smartphones, TV sets and PCs. In this environment vendor ability to capture gains from purchasing powergrowth by generating higher unit prices will be crucial to overall market value increases. The key risks are external ones that wouldderail France's economic growth trajectory, including a disorderly Brexit, ECB tightening, negative spill over from the US trade war, orinstability within the eurozone as a result of populist eurosceptic forces.
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