World economy is passing very tough time. If you look over the top news you will guess easily that a large numbers of employee are losing jobs every month. Even some of the biggest companies are combining there business and agreeing to work jointly. The effect is on the mobile phone markets too. Although the cell phone makers are trying to attract the consumers with various offers but general people are making conserve to spend money.
Strategy Analytics reported:
Just 295 million cellphones were shipped worldwide in Q4 2008, down a significant 10% from 329 million units a year earlier. An economic downturn in developed and emerging markets caused the industry’s weakest growth rate since 2001. Retailers de-stocked due to credit tightness, while consumers delayed purchases because of fears of a recession. Three of the top 5 handset vendors grew at negative rates. Samsung performed best, grabbing an 18% global share. Nokia, Sony Ericsson and Motorola continued to disappoint. Full-year shipments for the industry grew just 5% in 2008, to 1.18 billion units.
The world top mobile vendors Nokia, Motorola, Samsung, LG and Sony’s share has gone down 20-40 percents. So, they all are expecting that the seals target will not fill even it will go less that the last year.