Mobile Phone Market Grows By Double Digits
The worldwide mobile phone market grew 11.3 percent in the past year, according to Framingham-based International Data Corp.
Vendors shipped 365.4 million phones in the second quarter of this year, compared to 328.4 million phones during the same quarter last year.
A continued shift to smartphones combined with conservative consumer spending led to a year-over-year decline of 4 percent in the traditional cell phone market. It was the first drop in orders for non-smartphones since the third quarter of 2009.
One company that suffered from the shift away from such phones is Nokia, which managed to hold its position as top supplier in the second quarter, but saw a 20.3 percent drop in shipments year-over-year. Samsung, which saw a 10 percent boost in orders since last year, is gaining on Nokia.
WBJ Web Partners
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