Price: $ 1295
BMI View: We retain our positive outlook for the South African consumer electronics market in 2013, but caution that the gloomy economic outlook as reflected by low business confidence, weaker than expected private consumption and rapid currency depreciation pose significant risks to our five-year growth forecast, through to 2017. The PC segment is the most vulnerable to a slowdown in consumer demand due to the adoption of new form factors such as smartphones and tablets. However, we expect the impact of any decline to be offset by rising government spending on IT-related products and services. Headline Expenditure Projections Computer hardware sales: US$5.4bn in 2012 to US$6.1bn in 2013, +12% in US dollar terms. Forecast in US dollar terms unchanged, with the introduction of new products by ...
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