HONG KONG, Dec. 3 /Xinhua-PRNewswire-FirstCall/ -- Fierce price competition is prompting Greater China manufacturers of digital photo frames to cut prices. Eighty percent of Greater China digital photo frame suppliers say they plan to lower prices in the months ahead, according to Global Sources’ (Nasdaq: GSOL) China Sourcing Report: Digital Photo Frames
( http://www.chinasourcingreports.com/digitalphotoframesreport ).
(Logo: http://www.prnasia.com/xprn/sa/200708071747.jpg )
"With a growing number of portable media makers branching out into digital photo frames, competition is expected to continue intensifying, with the supplier base expected to double by the end of 2007," said report publisher, Spenser Au.
"Cushioning price decreases for suppliers are today’s lower component costs. As the number of local component providers has grown, digital photo frame makers now have better access to less-expensive, but higher performance PCBs, LCDs and other components."
Among surveyed suppliers’ primary challenges:
-- 65 percent cited price competition;
-- 16 percent said raw material costs;
-- 10 percent indicated design copying/piracy;
-- 5 percent cited stricter overseas standards; and
-- 4 percent said labor shortage.
Greater China Digital Photo Frame Manufacturers Focusing on EU Market
Au said: "Many Greater China digital photo frame manufacturers are focusing on the EU market because of the region’s strong purchasing power which can help them generate higher margins."
Among respondents’ export destinations:
-- 60 percent said they are focused on the EU;
-- 37 percent -- the United States; and
-- 3 percent are focused on other regions including Asia, the Middle
East, Africa and non-EU European countries.
In-Factory Interviews, Price Forecasts and New Digital Photo Frame Export Models
The 146-page China Sourcing Report: Digital Photo Frames provides proprietary market information from in-person factory visits to 19 makers and interviews with 68 more suppliers. It includes a Product Gallery featuring 231 of the most popular export models, with key specifications and full-color pictures.
The report’s surveys, price trends and supply forecasts help buyers make better-informed purchasing decisions.
Specialized Global Sources Websites, Trade Shows, Magazines and Research Reports
China Sourcing Reports ( http://www.chinasourcingreports.com ) are part of Global Sources’ sourcing and product information services. These include Global Sources Online ( http://www.globalsources.com ), Global Sources trade magazines, Global Sources Direct ( http://www.globalsourcesdirect.com ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com ). For more information, visit http://www.corporate.globalsources.com .
China Sourcing Report: Digital Photo Frames is available for purchase at http://www.chinasourcingreports.com/digitalphotoframesreport .
Information about Greater China digital photo frame suppliers and products can be found at http://www.chinasuppliers.globalsources.com/china-suppliers/Digital-Photoframe.htm .
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About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 647,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 160,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 23 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 2,000 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
