INSUBCONTINENT EXCLUSIVE:
analyst at Euromonitor International, said that the TV market is not growing in the UAE this year.Even after the prices of OLED TVs have
So, the second-hand TV market is huge and growing faster than the first-hand sale and people can get it at almost half the price on certain
people are using mobile phones to watch TV content
People buying multiple TVs for their homes are shrinking
The need for a replacement is limited as long as you have a 4K TV
Kumar, head of omnichannel retail at Jumbo Electronics, said that TVs are in better position than last year
Last year, he said the fall in value used to be in double digits but this year, it is in single digits.Wearables are fastest growing
categoryThen the next question arising is which segment is growing among the consumer electronics this year.Arshad said that smartwatches
are the only category that is growing the fastest this year, followed by smartphones.Smartwatches, including smartbands, is growing for
health and wellness reasons, fuelled by Apple, he said and added that it is expected to grow by 10% in value this year.According to research
new products and promotional campaigns during the second quarter, collectively capturing 65.7% of the market, an almost 12-point gain from
last year.The total market in the second quarter increased by 28.8% to 34.2m compared to 26.6m a year ago.However, Arshad said that mature
is expected to reach AED 14b in value compared to AED 13.4 billion last year
channel for 2018-19 GR at 12%
day, online retailers will lose millions
That is the state of the market
People are buying even groceries online
consumers have deep trust in online purchasing due to the excellent service
Online retailers are ready to take back the product, without any questions asked, even if you have used it
Just go online and click for return
