Monday, May 12, 2008

Global Mobile Phone Sales Continue to Rise in the 1st Quarter

Global mobile phone sales continued to surge in the first quarter, when shipments reached 282 million despite an economic downturn, research firm Strategy Analytics said Friday.
Nokia kept its top position, slightly increasing market share to 41 percent in the three months ended March 31. Samsung Electronics in South Korea remained at No. 2 boosting its market share to 16 percent while U.S. handset maker Motorola fell below 10 percent but stayed in third place.

Demand remained strong in emerging markets, particularly in Africa and Asia. Korean vendors LG and Samsung were the star performers, growing two to four times faster than the industry average.

Motorola slumped and is in real danger of being overtaken by LG, whose market share rose to 8.6 percent from 7.2 percent at the end of last year, according to the report.

The research firm predicted that 290 million handsets will be sold worldwide in the second quarter, an increase of 12 percent over the same period in 2007 but a decrease of 14 percent compared with the previous three months.

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