PC market nosedives in first quarter

Vietnam 's computer market in the fist quarter of the year plummeted by 27 percent compared to the fourth quarter of last year.
Vietnam 's computer market in the fist quarter of the year plummetedby 27 percent compared to the fourth quarter of last year.

The figures provided by International Data Corporation, aprovider of market intelligence, also showed that of the total 434,000units produced and imported in the first quarter, 68 percent of thosewere personal computers, while 30 and 2 percent were laptops andnetbooks, respectively.

The company's PC marketanalyst Phan Yen said the peak time of sales before the Tet (Lunar NewYear) holiday was over, resulting in a slump of demand.

Yen said foreign PC companies had sharply reduced their prices whilecustomers were paying more attention to brand-name PCs, creating moredifficult conditions for domestic products to compete with foreign ones.

But Yen said she was confident the market wouldstill reach the year's growth target of 19 percent after strongconsumption over the last two quarters.

" Vietnam's PC market is expected to see slight growth in the second quarter. Themarket is expected to go through a strong growth period by the end ofthe year as companies strive to reach their set targets," she said.

Sharing Yen’s optimism, marketing director of CMCCorporation, a leader in the local IT market, Ho Quoc Hue said themarket would grow by the end of the year as the economy shows signs ofrecovery and consumer sentiment is forecast to rise.

In the first quarter, computer maker HP continued to rank first with14.7 percent of the market share. Dell was second with 8.7 percent,while Acer and Toshiba trailed behind in third and fourth with 7.8percent and 3.4 percent, respectively./.

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