Sales of computers, TV sets, cameras fall; smartphones remain popular
Fewer computers, TV sets and cameras flew off the shelves here in the first seven months of the year as Singapore consumers ran out of new things to buy.
This is the second time in two years that sales in these products have dropped, as retailers here grapple with a softening market.
This is also the industry's first continuing decline in six years, said market research firm GfK Asia, which measures actual sales at local retailers, including the major players.
From January to July, around 2.4 million computers, TV sets and cameras worth $936 million were sold. This is a 17 per cent drop compared with the 2.9 million units sold for $68 million more in the same period a year ago. During 2011's first seven months, retailers here sold 3.2 million units worth $1.06 billion.
Sales in first seven months of: