Asia & Middle East Leading The Way to Mobile Handset Sold
While the economic continues its down turn. Asia Pacific and Middle East are leading the mobile handset sales growth figures to 20.5% and 18% respectively, in second quarter of 2008 according to Gartner. The research firm estimates 11 percent industry-wide growth for 2008.
Gartner expects however revenue growth to fall slightly as the economy and tougher competition take a toll on prices.
"The economic environment continued to negatively impact mobile phones sales in both mature and emerging markets," Gartner analyst Carolina Milanesi said in a release. "Consumers in mature markets continued to favor mid-tier devices over high-end devices, while new subscribers continued to join mobile networks in emerging markets during the quarter. However, replacement sales remained weak, as consumers faced higher prices for fuel and food in addition to higher levels of inflation."
The research firm has not changed its overall 2008 outlook of 1.28 billion handset sales.
[Via Cnet Wireless]
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