Asia's affluent increase spending

Asia's most affluent consumers increased their spending across most categories since 2012, according to a new survey that also recorded significant sales growth for smart technology devices and luxury goods.

The latest Ipsos PAX survey, which covers 11 markets and is now in its 17th year, also found that international air trips are on the rise, although the affluent remain cautious about their financial investments.

Rates of smartphone ownership across the markets measured rose from 49.5% in 2012 to 67.9%, while tablet ownership increased from 19.5% to 32.3%, the survey found.

Over the same period, internet TV ownership rose from 11.1% to 16.3% while 3D TVs almost doubled its share from 5.2% to 9.8%, prompting Clare Lui, executive director of Ipsos Hong Kong, to observe that a trend is emerging whereby smart devices are concentrating the market by taking over the functions of other devices.  more
http://www.warc.com/LatestNews/News/EmailNews.news?ID=32067&Origin=WARCNewsEmail&utm_source=WarcNews&utm_medium=email&utm_campaign=WarcNews20131014