Analysts cut 2009 mobile phone growth estimates

The global mobile phone market should grow at much slower-than-expected rates next year as consumers put off buying new devices due to deepening economic concerns, according to forecasts from analysts, reports Reuters.

"... UBS analyst Maynard Um halved his forecast for 2009 global handset growth to 3 percent from 6 percent, pointing to particular weakness in Europe and North America."

emily | 3:04 PM | Random Stats |
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