Irving, Texas (PRWEB) December 24, 2012
The global consumer electronics industry is forecast to reach US $932 billion by 2017, with a CAGR of 5.37% over the next five years. The consumer electronic industry is a highly diverse and growing industry. The industry is both capital intensive and price sensitive. The key players are focusing on technological innovation strategies both to meet customers' requirements to stay at the forefront of the industry.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the top five consumer electronic companies and presents its findings in “Top Five Global Consumer Electronic Companies 2012-2017: Trend, Profit and Forecast Analysis.” This report discusses the subject companies, their geographic footprints, financial metrics, market performance, marketing and corporate strategies, and provides a SWOT analysis.
Lucintel's report highlights the major challenges of the industry, which include a decline in mobility product revenue year-over-year and decreasing consumer revenue due to shrinking profits from desktop PCs and software and peripherals. Another reason is that the rising competition in the industry may force the key players to reduce their prices, which in turn may affect the industry's gross profit.
Lucintel studies the various driving factors of the industry. The broad product portfolio of the consumer electronic industry helps it to acquire strong market position and robust financial
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