Global handset sales fell by 18%, or 50 million phones, in the first quarter of 2009, according to a Reuters poll. The economic recession that has impacted demand worldwide is expected to take a toll on handset vendors, including Nokia (NYSE:NOK), who is expected to report its worst quarter in seven years.
Handset vendors are expected to have a rough year in general, selling 11.4% fewer phones than they did in 2008.
Smartphones remain a bright spot in the market, as evidenced by Research In Motion's (NASDAQ: RIMM) better-than-expected results last week, but overall, things look a little bleak.
Wednesday, April 8, 2009
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2 comments:
there are even reports that iPhone sales was going down. I think this was because of the status of the current Economy.
The mobile phone industry is like every other industry being hit by the economic worldwide recession. In the Uk sales have of handsets have slowed down because consumers locked into 18 and 24month contracts could not upgrade their handsets. Touchscreen functionality was the most sought after feature in the last few months and is available on popular mobile phone handsets from manufacturers such as LG, Samsung and RIM. As people are spending less in the current financial climate, everyone is after the best possible deal. I guess if you can get more mobile for less money you can land yourself a great deal. There are alot of online retailers offering really incredible prices.
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