Cellphone market seen returning to growth in Q4

Cellphone market seen returning to growth in Q4

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.

Friday, October 30, 2009

HELSINKI, FINLAND: The global cellphone market is set to grow in the holiday sales-fueled October-to-December quarter, after four quarters of falls, research firm Strategy Analytics said on Friday.

"We forecast handset shipments to grow 3 percent annually in Q4 2009, signaling an end to the recession," analyst Neil Mawston 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.

Strategy Analytics estimated 291 million phones were sold in the third quarter, down 4 percent from a year ago.

Separately, research firm IDC estimated the market dropped 6 percent year-on-year to 287 million phones in the third quarter.

©Reuters

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Collapse <div runat='server' id=Comm29887 class='CommentsContainer'><span class='commentsFrom' style='float:left;'>Graham said on 10/30/2009 11:45:48 AM: </span><br/>this is no way going to be a steady grwoth for cellphones, unless you empower them with a purchasing power that is so high that he could buy a PC phone. Nothing less than that is going to work..<div class='CommentLineContainer'><input type=button onClick='MoveComm(29887,ctl00_ctl00_ctl00_cphMainContentSection_cphMainContentSection_cphSection1ContentPart_ThreadedComments1_txtPid);' value='Reply'/> to Graham </div>

Graham said on 10/30/2009 11:45:48 AM:
this is no way going to be a steady grwoth for cellphones, unless you empower them with a purchasing power that is so high that he could buy a PC phone. Nothing less than that is going to work..

to Graham

Collapse <div runat='server' id=Comm29888 class='CommentsContainer'><span class='commentsFrom' style='float:left;'>grain said on 10/30/2009 11:46:58 AM: </span><br/>who is this he and they, pls be clear<div class='CommentLineContainer'><input type=button onClick='MoveComm(29888,ctl00_ctl00_ctl00_cphMainContentSection_cphMainContentSection_cphSection1ContentPart_ThreadedComments1_txtPid);' value='Reply'/> to grain </div>

grain said on 10/30/2009 11:46:58 AM:
who is this he and they, pls be clear

to grain

Graham said on 10/30/2009 11:48:55 AM:
This is no way going to be a steady growth for cellphones, unless you empower the people (customers) with a purchasing power that is so high that they could buy a PC phone. Nothing less than that is going to work..... now i think it is clear

to Graham