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 Wednesday, 26 March 2008

The global handset market is forecast to see slowing growth for 2008, with year-on-year growth only achieving 5.7% according to the IMS Research Online Cellular Database. This is significantly lower than previous years, which enjoyed double digit growth. Shipments for new handsets are forecast to hit 1.19 billion for 2008, up from 1.12 billion in 2007.

The region that will experience the least impact is Asia, with China and India continuing to perform strongly, resulting in 10.7 percent growth from 2007 to 2008. The Americas will only experience 7% growth, largely as a result of economic challenges being faced in the US. Europe is forecast to experience negative growth at -1.2%, largely due to challenges being faced by the large number of highly penetrated markets.

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Source: Cellular News.