A new report finds that the global market for cell phones will shrink 9 percent in 2009, as the tough economy means consumers and businesses are spending less money on handset devices, phones and other types of electronics. The report follows gloomy outlooks from some of the worlds top handset makers, including Apple, Nokia, Samsung and LG.
- HELSINKI (Reuters) - The global mobile phone market will shrink 9
percent in 2009, its first decline since 2001 and with the first half
set to be especially grim as economic slowdown chokes consumer
spending, Strategy Analytics (SA) said.
quot;We expect the first half of 2009 to be very weak, a…