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 Thursday, May 29, 2008

STOCKHOLM -(Dow Jones)- Research firm Gartner Wednesday said worldwide mobile phone sales will continue to rise between 10% and 15% in 2008, but said the value of the market will be lower than expected.

The company said growth in emerging markets is pushing overall volume sales, adding that the economic slowdown and higher fuel costs are causing some customers in developed markets to delay buying new phones.

Gartner said West European mobile phone sales fell 16.4% in the first-quarter compared with the year-earlier period, the first fall in the region since Gartner began tracking device sales in 2001. Worldwide sales of mobile phones reached 294.3 million units in the first quarter, a 13.6% increase from sales last year.

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Source: Cellular News