Global mobile sales 'immune to recession'

By

Predictions of a global economic slowdown have prompted Gartner to suggest that the smart money will be going into mobile phones..


Global sales of mobile phones grew around 16 percent last year, pushed by demand for feature-rich devices in developed markets and people buying their first handsets in the developing world.

"After another strong year, we expect the growth in sales of mobile devices to decelerate in 2008 and fall to about 10 percent growth as mature markets become more saturated," said Carolina Milanesi, research director for mobile devices at Gartner.

"However, the global mobile devices market will remain relatively immune to a recession in the US and western Europe as the majority of growth in 2008 will come from emerging markets."

Gartner said that developing markets now account for 70 per cent of global mobile sales.

In terms of market share Nokia increased its dominance to over 37 percent of the total, rising to 40 percent in the last quarter of 2007.

Number-two player Motorola was the big loser, dropping nearly five points to 14.1 percent and to barely 10 percent in the fourth quarter.
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

ANZ Institutional readies go-live for "multi-agent chatbot" amie

ANZ Institutional readies go-live for "multi-agent chatbot" amie

Westpac pilots AI to analyse inbound call content

Westpac pilots AI to analyse inbound call content

Westpac hires CBA's data chief to lead AI, data and digital

Westpac hires CBA's data chief to lead AI, data and digital

ANZ explores agentic AI opportunities

ANZ explores agentic AI opportunities

Log In

  |  Forgot your password?