November 7, 2008
Cell phone makers face toughest year since 2001
A wave of economic gloom is set to hit mobile phone buyers next year, with a growing number of analysts expecting the once-buoyant market to shrink for the first time since the 2001 crash, a Reuters poll showed.
On average, analysts expect global growth to be 3 percent in both the fourth quarter and 2009, compared with well above 10 percent in recent years...
... Analysts said cell phone makers may feel more pain this time around. When the market crashed in 2001, replacement sales tumbled but sales to first subscribers continued to grow due to the low penetration of cell phones.
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