Despite Many Backdrops the mobile handset sales grew at 14.3% with strong demand in emerging markets, particularly in Africa and Asia.
Global mobile phone sales continued to surge in the first-quarter(January-March, 2008), with shipments reaching 282 million despite a global economic slowdown and skyrocketing food prices in poorer countries, research firm Strategy Analytics said Friday (24 April 2008).
Global mobile phone sales continued to surge in the first-quarter(January-March, 2008), with shipments reaching 282 million despite a global economic slowdown and skyrocketing food prices in poorer countries, research firm Strategy Analytics said Friday (24 April 2008).
Top handset maker Nokia Corp. kept its position at No. 1, slightly increasing market share to 41 percent in the three months through March 31. Korean handset maker Samsung Electronics remained at the No. 2 spot, boosting its market share to 16 percent, while U.S. handset maker Motorola Corp. fell just below 10 percent but stayed at No. 3.
The main reason for this worldwide growth is strong demand in emerging markets, particularly in Africa and Asia. Demand for handsets in this low cost segment was high in the first quarter (January-March) of 2008, driving worldwide shipment growth. Many emerging markets continue to offer tremendous growth potential and highly competitive pricing and innovative service plans which kept the overall market on track for this quarter (January-March) of 2008.
The main reason for this worldwide growth is strong demand in emerging markets, particularly in Africa and Asia. Demand for handsets in this low cost segment was high in the first quarter (January-March) of 2008, driving worldwide shipment growth. Many emerging markets continue to offer tremendous growth potential and highly competitive pricing and innovative service plans which kept the overall market on track for this quarter (January-March) of 2008.
In contrast, more mature regions are increasingly characterized by highly competitive markets for replacement handsets and somewhat slower shipment growth.
According to industry analysts, disposable income is being eroded by inflating food and fuel prices and worries about global financial markets and slow economic growth are creating a cautious outlook for the months ahead to come in 2008.
According to research analyst at Arth Business Research, "In the months to come, it is expected that against many backdrops of slowing down world economy, skyrocketing inflation supported by high food and oil prices backdrop, many emerging markets will continue to offer tremendous growth potential and highly competitive pricing and innovative service plans will keep the overall market on track for the year. Demand for handsets in the low cost segment will still remain present in certain emerging markets throughout 2008, driving worldwide shipment growth."
According to industry analysts, disposable income is being eroded by inflating food and fuel prices and worries about global financial markets and slow economic growth are creating a cautious outlook for the months ahead to come in 2008.
According to research analyst at Arth Business Research, "In the months to come, it is expected that against many backdrops of slowing down world economy, skyrocketing inflation supported by high food and oil prices backdrop, many emerging markets will continue to offer tremendous growth potential and highly competitive pricing and innovative service plans will keep the overall market on track for the year. Demand for handsets in the low cost segment will still remain present in certain emerging markets throughout 2008, driving worldwide shipment growth."
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