Recent Study: Philippines Consumer Electronics Report Q1 2013
BMI expects the Philippines IT market will grow by around 8% in 2013. Despite an uncertain economic outlook, consumer electronics spending is likely to remain fairly strong in the coming quarters, with government spending providing a stimulus. We have revised upwards our full-year 2012 private consumption growth outlook from 4.3% to 5.0% as a result of the services sector's stronger-than-expected performance in Q112. Given the Philippines' low PC penetration, many provincial markets are relatively untapped territories, while rural populations contain...
View full press release