Boost in Flat-Screen TV Supply Drives Demand for Next-Generation LCD TVs in Hong Kong

With the expanding supply of flat-screen TVs, consumer electronics companies are now targeting the residential and business sectors in Hong Kong. Industry experts note that the increased availability of LCD models, particularly in limited office and home spaces, has led to a surge in demand. GfK Asia forecasts that LCD TV sales in Hong Kong will reach 110,000 units this year, up from 60,000 units sold from January to November last year.

Key Takeaways:

• The entry of more flat-screen TV suppliers has increased the number of LCD models available in the market, making them more affordable for both residential and business sectors.
• GfK Asia expects LCD TV sales in Hong Kong to reach 110,000 units this year, a significant increase from the 60,000 units sold from January to November last year.
• Strong competition is expected from brands such as Sony, Syntax, Philips, and Skyworth Digital, with Sony launching its new HT Series 19- and 17-inch LCD TVs in Hong Kong ahead of Japan and the United States.
• The expansion of local demand for next-generation LCD TVs has the potential to drive growth in the consumer electronics market in Hong Kong.
• Sharp has the widest range of LCD TVs on the market, but other brands are emerging to challenge its dominance.
• The increased availability of LCD models is expected to benefit households with multiple display devices.

Statistics:

• GfK Asia forecasts that LCD TV sales in Hong Kong will reach 110,000 units this year (Source: GfK Asia).
• LCD TV sales in Hong Kong from January to November last year reached 60,000 units (Source: GfK Asia).
• Sony launched its new HT Series 19- and 17-inch LCD TVs in Hong Kong, ahead of Japan and the United States.

Sources:

• GfK Asia
• Business Times
• Want Daily