Monday, October 21, 2013
Consumer Electronics Shipments Rise 1st Time In 26 Months
TOKYO (NQN)--Domestic shipments of consumer electronics rose 6.3% on the year to 128.1 billion yen in September, for the first increase in 26 months, the Japan Electronics and Information Technology Industries Association said Monday.
The growth was driven mainly by shipments of flat-panel TVs and other video equipment, which rose 4.1% to 63.5 billion yen, the first increase in 26 months. The shipment volume for flat-panel TVs with screens of 37 inches or larger jumped 37.7% to 172,000 units.
After analog terrestrial TV broadcasting ended in many areas in July 2011, heavy replacement demand ate into future demand. The uptick in the September data suggests that people are once again shopping for new TVs.
Shipments of car audio and navigation systems rose 9.6% to 58.2 billion yen, for the second straight month of year-on-year growth. The expansion indicates that the slowdown caused by the end of the government's subsidy program for eco-friendly vehicles in September 2012 is no longer being felt.
(Nikkei Quick News, Oct. 21)