Double digit growth predicted for Mobile Phone Market - AnalystsAccording to a report, 306million handsets has been shipped by the vendors, during second quarter, a 15% increase a year before. New data reveals that globle phone market is going to have solid growth during second quarter. According to research analyst, “Since the start of the year, vendors have been wary of the potential decrease in demand for mobile phones.” “That has not stopped vendors from experimenting with and releasing a host of mid-range and high-end devices with GPS, touchscreen, and multimedia. This also goes for hotly contested emerging markets, where vendors are introducing phones that offer features in addition to voice telephony,” analyst further reports.
Comparing the growth by region, the Asia/Pacific area had massive growth due to rapid adoption of phones in markets like China and India. Europe saw a soft demand for high-end devices, and the Middle East and Africa also had a high demand for entry-level phones. Considering Latin America market, users are migrating from entry-level devices to feature phones is continuous to show positive growth.
Viewing the top 5 mobile phone vendors, Industry-leading Nokia shipped 122 million handsets during the period, Samsung maintained its second-place position, but did see a slight decline in shipments from the previous quarter. Motorola retained the number three position, and managed to have a small profit for the quarter. Due to sluggish demand in Europe and increased price competition Sony Ericsson had a tough quarter.
