Wednesday, 20 November 2013

Turkey Consumer Electronics Report Q1 2014

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Turkey Consumer Electronics Report Q1 2014
Nov 20th 2013, 00:00

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BMI View: There are no significant changes to BMI's views relating to Turkey's consumer electronics market as the latest data from retailers and the principal local and international manufacturers suggest our growth estimates and forecasts are on track. As we have noted before, moderating consumer loan growth is repositioning the economy from debt-fuelled consumption to a more balanced scenario, which is lightening the burden on consumer spending. Consumer electronics sales remain strong in key categories, such as smartphones. Turkcell reported strong growth in revenues in 2012, driven by an increased number of smartphone users on its network. Vodafone and AVEA also reported surges in smartphone numbers. The government's FATIH programme to provide tablets for school students is expected to h ...

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