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Analyst: mobile phone market to lower 6.6 percent in 2009

A poll of consisting of 36 analysts shows that the mobile phone market will shrink next year, up to 6.6%, while in this Q4 the market will lower 5.7% although this Q4 is a holiday season, especially for Christmas. Nokia, the global market leader, has warned-twice-the market growth will be negative to 5 percent or more next year due to global financial crisis.

Analysts pointed to LG Electronics and Samsung Electronics as the most likely candidates to build-up inventories as they try to reach respective annual sales targets of 100 million and 200 million phones. LG is expected to sell fewer phones next year, but grab the No 3 spot in the market from Sony Ericsson.

Nokia and Samsung, the two powerhouses in this business are predicted to reach even higher market share when closing the 2009. In other hand, Motorola is seen losing the most market share, with the wide range of estimates, from 55 million to 100.7 million phones, reflecting the uncertainties over the company’s future.

Source | Cartoon Stock

Financial, Research

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