Windows Phone Thoughts: Mobile Phone Market to Shrink in 2009

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Tuesday, December 16, 2008

Mobile Phone Market to Shrink in 2009

Posted by Pete Paxton in "Smartphone News" @ 02:00 PM

http://news.yahoo.com/s/nm/20081216...phones_market_2

"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."

So it looks like the financial woes will be hitting the mobile phone market shortly. Not a real surprise I guess. I wonder if that means there will be some substantial discounts in the future. Wonder what part of the mobile world will be hit hardest? Do you think smartphones will be hit as hard or harder than the rest of the cell phone industry? I wonder how bad or not so bad it will really get? What do you all think? Are any of you planning to buy a device next year?

Tags: mobileshrink

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