Cellphone Market to Return to Growth in Fourth Quarter
Friday, October 30, 2009
The global cellphone market is set to grow in the holiday sales-fuelled October-to-December quarter, after four quarters of falls, analysts said on Friday.
"We forecast handset shipments to grow 3 percent annually in Q4 2009, signalling an end to the recession," Neil Mawston, analyst with Strategy Analytics, said in a statement.
The mobile phone industry is ending its worst year ever, with top handset vendor Nokia forecasting earlier this month that 2009 market volumes would fall 7 percent from 2008, indicating a small rise in the fourth quarter.
"We forecast handset shipments to grow 3 percent annually in Q4 2009, signalling an end to the recession," Neil Mawston, analyst with Strategy Analytics, said in a statement.
The mobile phone industry is ending its worst year ever, with top handset vendor Nokia forecasting earlier this month that 2009 market volumes would fall 7 percent from 2008, indicating a small rise in the fourth quarter.
Samsung, LG, Apple Win
The world's second and third-largest handset vendors, Samsung Electronics and LG Electronics, continued to win more share of the market, with sales rising 16 percent and 37 percent, respectively.
Motorola and Sony Ericsson continued to struggle in the quarter, with both seeing sales almost halving from a year ago levels. Read the complete report here http://www.cnbc.com/id/33545021
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