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Mobile Phone Market Upswing Forecast for Q4

Posted by Ainsley Jones Oct 30, 2009 12:23:50 PM

The global market for mobile phones will turn around in the fourth quarter, according to Strategy Analytics, a business research firm. Strategy Analytics' report predicts that worldwide shipments of handsets will rise 3 percent to 300 million in Q4, with Christmas sales leading the way, Mobile Burn reports.

 

The upbeat projection comes after four quarters of declines, raising speculation of pricing battles in an increasingly crowded market, according to Reuters. That's good news for consumers, but dropping prices paired with possible oversupply could negate a bit of the market's turnaround.

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