February 28, 2008

1 billion phones sold globally in 2007

With more than 1 billion phones sold globally for the first time, 2007 was a banner year for mobile phone sales, reports Conputerworld.

"Worldwide sales of mobile phones ended up surpassing 1.15 billion units in 2007, a 16% increase from 2006 sales of 990.9 million, according to figures from Gartner Inc.

Emerging markets, especially China and India, are now the driver for growth, with many people in those countries now buying their first phone.

Nokia continues to dominate worldwide. It sold 435 million mobile phones last year, and gained a market share of more than 40% for the first time during the fourth quarter, according to Gartner.

It is followed by Motorola, Samsung, Sony Ericsson and LG. Everyone except for Motorola, which lost its second place to Samsung during the fourth quarter, increased its market share."

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