Loading ...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.
Recent posts in News
- Leaked BlackBerry 9800 To Be Unveil Next Month
- Bell Canada Announces iPhone 4 for July 30
- DROID 2 New Details Emerge Through Video
- Apple Predicted To Sell 100 Million iPhones By The End of 2011
- Nokia N8 Leaked Again With Specs
- Apple's iPad 3G To Launch April 30
- Microsoft Announced KIN One and KIN Two
- Puma Phone to Hit Stores in May, Puma 2 to Be Launched in 2011
- LG Launches Three New Cookies - Plus, Fresh and Pep
- January's Most Interesting Mobile Phones