10/30/2009 12:18:00 PM
Global handset market to grow in Q4
The global handset market will start to grow in the fourth quarter, ending the worst year ever for the mobile industry.
Research company Strategy Analytics made its prediction today (30 October), alongside claims that the global market is getting very crowded and over supply and price cutting would be inevitable next year.
Strategy Analytics director of wireless practice Neil Mawston said: ‘The industry is edging towards recovery.’ He forecast that handset sales would grow 3% annually in the fourth quarter to 300 million units.
The company estimated 291 million phones were sold globally in the third quarter, down 4% from one year ago.
The world's second and third-largest handset manufacturers, Samsung and LG, continued to win more share of the market, with sales rising 16% and 37% respectively.
Both companies reached their highest-ever share of the mobile market, Samsung having 20.7% of the market.
‘This was the first time a vendor other than Nokia has shipped more than one-fifth of the world's handsets since Motorola's RAZR-heyday performance of 2006,’ said Mawston.
Motorola and Sony Ericsson continued to struggle in the quarter, with both seeing sales almost halving from one year ago.
Apple's share of market volumes rose to its highest ever of 2.5%, Strategy Analytics said.