IDC Predicts Worldwide Mobile Phone Shipments To Fall 8.3% in 2009
12 Mar 2009
FRAMINGHAM,
Mass. March 12,
2009 – The worldwide mobile phone market felt the
full effects of the economic crisis in the fourth quarter of 2008 as shipments
fell 11.6% year over year, marking the first time the holiday quarter has not
recorded double digit growth in seven years. This closed out a year that was
dismal at best, yet overall 2008 managed to grow 4.3% over 2007. This has set
the stage for what IDC predicts to be a very rough 2009, with the most recent
market forecast anticipating growth of -8.3% for the year.
As
consumer spending has dropped, handset manufacturers and mobile operators have
reduced supply...
source IDC press
