cd player

China's youth are spending freely on digital products and the trend will continue to rise with the growing middle class. They are creating a multi-billion dollar market for digital products, media and services. China's consumer electronics industry is expected to achieve over US $50 billion in sales revenue this year, growing by more than 20 percent annually to reach $94 billion in 2007. Since their introduction in 1983, CD players have stood at the forefront of home entertainment as more and more people embraced the versatility and quality of compact discs over traditional vinyl records. But with the music industry in the doldrums and Internet piracy seemingly unstoppable, consumers have little reason to continue spending on stand-alone CD players, analysts said. Even though CD-player prices have been falling just as fast as Hollywood has been churning out its blockbuster movies on DVDs, very little is seen saving the CD player from biting the dust. CD player industry may get a slight reprieve from the motor and personal audio consumer segments, which continue to be buoyant even as the traditional home CD player market shrinks. There's still strength in the CD category although it's declining year over year.