Hong Kong CE Turns A Corner
Things are looking up for the Hong Kong electronics industry as the local economy emerges – in parallel with the U.S. and other markets – from what is referred to here as the “financial tsunami” of 2009.
That was the assessment offered by K. B. Chan, chairman of the Hong Kong Trade Development Council’s Electronics/Electrical Appliances Industries Advisory Committee, at the group’s Spring Edition exhibitions this week.
Chan declared that the global financial crisis is nearly over, and that Hong Kong export numbers are on the rise after a 10 percent drop last year. “It’s good news in the first quarter, and the Chinese economy is robust, but there are challenges ahead, with some market uncertainty,” he added. The economic upturn is reflected in a 10 percent jump in exhibitors over 2009 and a 25 percent uptick in the number of visitors and buyers at the three co-located shows, he said.
Chan said that attendees were finding products that reflected the current consumer needs and future demand. Some of the hottest product trends in evidence on the show floor are LCD TV with LED technology, car entertainment and navigation products, and accessories that cater to consumers who own iPods and iPhones – and who will soon own iPads, he said.
“The iPad will cause a stir, and it already has, with the introduction at this show of accessories for the device,” he said, adding that the netbook market has “an uncertain future due to the iPad introduction – netbooks don’t have the styling or apps or gesture control” of the Apple device. “Apple is very smart – there are more than 100,000 applications already. Everyone who is designing an app is an engineer for Apple.”
While Chan said he was enthusiastic about the growth of “green” technologies and products, he expressed some skepticism about quick adoption of 3D TVs among consumers. “It’s a gimmick at this moment, and one of the difficulties right now is content. It will take off slowly.”