Not wanting to go into more debt and lose control of their finances remain as the top reasons why Filipinos are still hesitant on taking advantage of credit products and services, consumer credit reporting agency TransUnion said on Tuesday, June 14.
According to research firm IDC, the Philippines tablet market grew by 34.3% year-on-year in the first quarter of 2022 as smartphone vendors expanded their product portfolios.
Realme maintained the top rank for the fifth consecutive quarter, commanding a 20.2% share of the smartphone market, despite declining 11.6% year on year.
Epson remains to be the market leader in the overall home/office printer market for 1Q22 holding 50.7% market share, despite showing a decline of -1.8% year-on-year.
Worldwide tablet shipments reached 38.4 million units during the first quarter of 2022 (1Q22), posting a decline of 3.9% year over year as demand slowed, according research firm IDC.
IDC said driving the market's growth at a global level is rising broadband penetration, rising disposable incomes, and rising consumer awareness of smart home devices and the cost savings, convenience, and energy efficiencies that they can deliver.
AR/VR shipments are expected to continue to grow at a healthy rate as contents become more enriched under the influence of new vendors/developers and more options of AR/VR headsets become available to the market, IDC said.
