Telecom and VoIP Daily News



Mobile phone market to shrink in 2009

time December 17th, 2008 by author David Goldstein

Mobile phones sales will shrink next year at their fastest pace ever as consumers cut spending, a Reuters poll showed, with analysts increasingly concerned about unsold phones piling up in stores.

On average, the poll of 36 analysts shows global market volumes shrinking 6.6 percent next year and 5.7 percent in the fourth quarter — traditionally the strongest period for the industry due to holiday sales.

To read this Reuters report in full, see uk.reuters.com/article/internetNews/idUKTRE4BF3EN20081216.

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