Mobile Phone Sales Growing Slowly Globally

Replacment sales weak due to higher food and fuel costs

Growth in worldwide sales of mobile telephones will slow sharply in 2008 as consumers face increased economic difficulties, a report by Gartner research institute showed on August 27. The report predicted 11% growth in global sales to 1.28 billion units this year, down from a rise of 16% in 2007.

Sales reached nearly 305 million in the second quarter, a rise of 11.8% on a year earlier, it said.

"The economic environment continued to negatively impact mobile phones sales in both mature and emerging markets," Gartner's head of research for mobile devices said in the institute's report. "Replacement sales remained weak as consumers faced higher prices for fuel and food in addition to higher levels of inflation."

Nokia, the world's number one phone maker, sold more than 120 million telephones and boosted its share of the market to just under 40%. Samsung had 15% of the market with 45 million units sold, shooting far ahead of the former world number two, Motorola, on 30 million.

Copyright Agence France-Presse, 2008

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