U.S. cell phone markets slows down
Posted by Joe P on May 20, 2008
The number of handsets sold in the U.S. during the first quarter took a swift dive, as manufacturers saw a 22 percent dip from the first quarter of last year. This isn’t wholly surprising, though, given the current economic environment combined with the post-holiday lull. And, just so things don’t seem so bad, sales revenues only dropped seven percent, which isn’t a whole ton ($2.9 billion to $2.7 billion). I suppose it speaks to more expensive handsets being purchased. After the jump, how the manufacturers rated in the U.S.
Motorola grabbed the largest chunk, at 27 percent of the U.S. market. Samsung and LG were next, clocking in at 18 and 17 percent, respectively. World leader Nokia captured eight percent of the U.S. market, while RIM moved up to five percent, knocking Sanyo out of the top five.
It’s tough to predicts what’s to come. There were a few nifty handset launches in the second quarter, and the iPhone and BlackBerry Bold could drop during the latter part. There are a number of handsets set to launch in the third quarter, too. So will we see some growth because of the new devices? I would think so.
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Filed under : Cell Phones
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[...] new here, you may want to subscribe to my RSS feed. Thanks for visiting!We’ve discussed the slowing growth of the mobile phone industry. Not only are handset sales down, but so are new wireless subscribers. [...]
[...] cell phone market, the average price was inevitably going to rise. It explain why cell phones created more revenue last quarter, while selling fewer [...]
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