Sluggish Mobile phone sales due to inflation!
According to a report, With the increase of economic difficulties growth in worldwide mobile telephones will slow sharply in 2008. Research unit predicted that 11 per cent growth in global sales to 1.28 billion units this year, down from a rise of 16 per cent in 2007. Further it said that sales reached nearly 305 million in the second quarter, a rise of 11.8 per cent on a year earlier. The report reveals that the economic environment continued to negatively impact mobile phones sales in both mature and emerging markets. Considering mobile handset maker giants, statistics shows that Nokia of Finland, sold more than 120 million telephones and augmented its share of the market to just under 40 per cent. Samsung had 15 per cent of the market with 45 million units sold, shooting far ahead of the former world number two, Motorola, on 30 million.
