Tuesday, September 24, 2013
Consumer Electronics Shipments Fall 25th Straight Month
TOKYO (NQN)--Domestic shipments of consumer electronics for August fell 7.5% on the year to 99.2 billion yen due to a continuous decline in shipments of flat-panel TVs and their peripheral devices, the Japan Electronics and Information Technology Industries Association reported Tuesday.
Although the drop was the 25th in a row, it was the first one in the long streak that was not in the double digits. The downtrend, which began in August 2011 in reaction to a sharp increase in demand linked to a switch to digital-terrestrial broadcasting in July that year, may end soon.
Although shipments of flat-panel TVs and other visual equipment slipped 13.7% to 50.7 billion yen, the slide in flat-panel TVs in terms of volume appears to be coming to an end.
In June and July, shipment volumes tumbled 23.1% and 9.3%, respectively. However, the decline in August narrowed to just 0.7%, with shipments reaching 394,000 units.
Shipments of car navigation systems and other automotive audiovisual equipment rose 1.5% to 42.2 billion yen, marking the first increase in 14 months.