Thursday, July 14, 2005
Worldwide unit sales of mobile phones are on a record pace for the fourth consecutive year, but the rate of growth is slowing significantly, according to a market study released Wednesday by In-Stat.
The study found that, despite double-digit sales growth in the last few years, shipments of mobile phones will grow only six percent compared to last year.
"The slowing pace is a result of some mature markets at, or near, full penetration, and weaker-than-expected growth in some emerging ones," Allyn Hall, In-Stat's director of wireless research, said in a statement. "It's a sign of a maturing industry."
Perhaps because of high penetration in North America and Western Europe, the study also found that emerging regions, particularly India, China and Eastern Europe, are leading the growth.
By: DocMemory
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