Mobile Phone Market to Shrink in 2009

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December 17th, 2008, 18:14 Posted By: wraggster

Mobile phone sales will shrink next year at their fastest pace ever as consumers cut spending, a Reuters poll showed, with analysts increasingly concerned about unsold phones piling up in stores. On average, the poll of 36 analysts shows global market volumes shrinking 6.6 percent next year and 5.7 percent in the fourth quarter -- traditionally the strongest period for the industry due to holiday sales

http://news.yahoo.com/s/nm/20081216/...hones_market_2

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