German TV sales up but revenues slide

Germany should see sales of 8.2 million TV sets over the Christmas period, up 5% year-on-year, according to forecasts from consumer electronics industry association GFU.

However, a fall in prices of TVs will lead to a slight fall in revenue of about 1.5% to €4.7 billion, according to the association. The GFU predicts that smart TVs will account for 76% of units sold.

Overall, the GFU expects consumer electronics will deliver sales of €8.5 billion over the Christmas period, up 2.3%, with overall sales for 2014 up 2.5% to €27.6 billion.