Retail sales of electronic devices in Ukraine suffered greatly

According to an article from the Ukrainian Kompyuternoe Obozrenie the dynamics of retails sales of electronic devices fell sharply in Ukraine in the end of 2008.

The IT sector suffered most of all - the total fall in sales was 30,2% in the end of 2008. Unfortunately, the segment of printing devices proved to get the most of the blow. Local experts say that the plummeting sales volumes are due to the falling demand for stand alone printers and increasing demand for MFUs (multifunctional utilities) as well as economic and financial crisis, which stepped in. The yearly sales in MFUs grew by 8.2%, but the sales of stand alone devices fell by 16.8%. In total the entire segment suffered a loss in sales by 24.8% in 2008 as compared with 2007.

Source: «Компьютерное Обозрение»