Mobile Phone Reviews - GSM MAG

BLACK CHRISTMAS

The Nokia press release on Friday shows a grim prediction: the world’s mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world. Nokia now expects fourth-quarter industry volumes to be around 330 million mobile devices, down from a year ago, and well below the 346 million average forecast in a Reuters poll earlier this month.

1.24 billion phones would be sold worldwide this year, down from a previous estimate of 1.26 billion, and handset market volumes and the overall telecommunications equipment market was expected to fall next year. The worst financial crisis in 80 years has weakened economies around the world and official data on Friday showed the economy of the 15-nation euro zone shrank for the second quarter in a row.