Hong Kong Information Technology Q1 2019
Hong Kong is a mature consumer electronics market that is characterised by widespread device ownership in the majorproduct categories, and consequently volume growth potential is diminished. We do however envisage growth in the market over2019-2022 because the replacement purchases on which vendors will primarily rely are expected to become more valuable as ahigher share for premium brands and flagships pushes up unit prices. There are however still downside risks, including negative spillover from a US-China trade war that would weaken the domestic economic trajectory.
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