Sales of MP3, MP4 musical players decline in Chinese market in 1Q
12/5/2008 17:11
Sales of MP3 and MP4 musical players in China saw sharp decline in the
first quarter, Beijing-based CCIDC Consulting company said in its report.
The
country's companies sold 1.66 million units of MP3 and MP4 musical players in
the first three months, representing a joint decrease of 30.02 percent over the
same period last year.
Sales volume stood at 1.1 billion yuan (US$157
million), down 31.13 percent year on year.
Consultants from CCIDC attributed
the sales shrink of MP3 to a lack of innovation in the products and weakened
demand and purchasing power from both individual and governmental buyers. The
first quarter is traditional a low season, said consultants.
Booming
substitutes products such as musical cell phone and other intelligence products
that attracted some customers also led to a recession in the MP3 market,
according to the consultants.
Sales volume of MP4, a more advanced player,
which provide multimedia, including music, digital video and audio, and other
data information, posted a decline of 26.58 percent year on year to 417 million
yuan in the first quarter.
Xinhua
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