Steady growth in Asia Pacific technology sector in 2007

Steady growth in Asia Pacific technology sector in 2007
AFP
Comment E-mail Print Share
First Published: Mon, Jan 29 2007. 09 20 PM IST
Updated: Mon, Jan 29 2007. 09 20 PM IST
SINGAPORE; Personal computer sales in the Asia Pacific region are expected to grow 15 percent this year, an industry monitor said Friday amid upbeat forecasts for the technology sector.
More than 48 million units were sold last year, up 17 percent from 2005 on the back of the growing popularity of notebook computers, which accounted for 27 percent of the shipments, International Data Corp (IDC) said.
It said in a statement that much of the region’s growth last year came from China, India and South Korea.
“Spurred by increasingly affordable models and healthy competition among the vendors, interest in notebooks also reached record levels,” said IDC analyst Bryan Ma.
“2007 should grow by at least 15 percent, which is slightly lower than 2006 due to the increasing sizes of the markets but is still very healthy with the weight of key markets such as China and India behind it.”
Chinese computer-maker Lenovo, which bought IBM’s personal computer division in 2005, was the top vendor last year with a nearly 20 percent market share. It was followed by Hewlett Packard with 12.6 percent and Dell with 8.8 percent, IDC said.
US credit risk evaluator Fitch Ratings on Friday stamped a “stable” outlook for the Asia Pacific technology sector this year.
Fitch said in a statement it believes “demand will continue to grow for most technology products, especially for mobile handsets, personal computers and audio-visual products.”
It said that apart from consumers replacing their old gadgets, demand is also expected to get a boost from falling prices, increased market penetration and new product designs and applications.
Projected strong economic growth and the rising affluence of many Asians are expected to help fuel demand, it said.
“Although the long-term underlying operating environment for the technology sector will remain cyclical ... conditions are expected to be stable in 2007,” said Chee Leong Lee, head of Fitch’s Asia Pacific telecom, media and technology team.
Comment E-mail Print Share
First Published: Mon, Jan 29 2007. 09 20 PM IST
More Topics: Technology | Tech News |