Boston, MA -- (SBWire) -- 12/03/2014 --Portable media players suffered from the widening popularity of tablets and, in particular, smartphones at the end of the review period. These multifunctional devices offer built-in media players, with many thus seeing little need for separate portable media players. Competition from these devices resulted in retail volume decline for all products in portable media players in 2013 over the previous year, although portable MP3 players suffered most and saw 19% retail volume decline.
Industry Prospects
Portable players is expected to see decline sharpen in the forecast period, with retail volume sales dropping by 45% in comparison to the 20% decline seen in the review period. This will be due to widening ownership for both smartphones and tablets, which are expected to see reduced prices and dynamic retail volume growth rates at 13% CAGR and 21% CAGR respectively in the forecast period. Smartphones and tablets offer built-in media players, in addition to the added convenience offered by their multifunctionality. Consequently, consumers will see less need to purchase separate devices.
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Recent Study: Portable Players in Morocco
New Consumer Goods market report from Euromonitor International: "Portable Players in Morocco"