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Mobile Phone Market Will Shrink 9% in 2009

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A new report finds that the comprehensive market for cell phones will lessen 9 percent in 2009, as the tough nation 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 comprehensive mobile phone market will lessen 9
percent in 2009, its first decline in view of the fact that 2001 and with the first half
set to be especially grim as economic slowdown chokes consumer
spending, Strategy Analytics (SA) said.
quot;We guess the first half of 2009 to be very weak, a…