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Telecom sector makes strong showing in Q1

2012/05/24 19:57:52

Taipei, May 24 (CNA) The telecommunications sector was the star performer in Taiwan’s consumer technology product market in the first quarter of 2012 thanks to rising demand for smartphones, a market researcher said Thursday.

The overall value of the consumer technology product market was NT$61.39 billion (US$2.08 billion) in the first three months of this year, up 6 percent from the fourth quarter of last year and up 18.6 percent from a year earlier, according to a survey released by Germany-based market researcher GfK Group.

The telecom sector continued to outpace other segments, recording sales of NT$15 billion in the first quarter, up 95 percent from the same period of 2011.

The telecom boom was due to the acceleration of smartphones sales, given that models equipped with higher-quality cameras and those running on Google Inc.’s Android open software had gained more popularity during this period, the survey said.

In addition, the information technology sector posted an annualized growth of 13.8 percent in the first quarter, with tablet computer sales rising 121 percent compared with the first quarter of 2011.

The home appliances sector registered double-digit annual growth, while office equipment and consumables, consumer electronics and photo sectors all experienced negative sales growth of approximately 6 percent on average, according to the survey.

(By Jeffrey Wu)