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Weak Ruble Pushes Japanese TV Brands Out of Russian Market

Falling radio sales in Russia have extremely worsened the position of Japanese radio manufacturers in the Russian market, the Kommersant journal reported Wednesday.

In December final year, Japan’s Toshiba wiring association announced that it was pulling out of the Russian marketplace as a result of the descending ruble and tough competition. Japan’s Sharp wiring association after left Russia’s audiovisual wiring market, Kommersant reported, citing dual unclear sources in the market.

Panasonic’s share in the country’s TV marketplace decreased from 2 percent to almost zero, according to the newspaper.

Russians have slashed their spending amid the financial predicament and television sales in Russia fell by 47 percent final year compared to 2014. The dollar value of the sales fell by 56 percent over the same period, Kommersant reported.

The biggest share of the radio marketplace in Russia — 29 percent — was assigned final year by South Korea’s LG Electronics. LG Electronics is followed by South Korean wiring builder Samsung, that dominated the market in 2014.

While the competitors sole new models at higher prices, LG was offered comparison though cheaper models, Yulia Zavyalova, mouthpiece for electronics tradesman Eldorado told Kommersant.

Article source: http://www.themoscowtimes.com/article/560567.html