Emerging markets drag down global handset growth rate

The global mobile handset shipments grew a disappointing five per cent year-over-year, to reach 303 million units in Q3/08, according to the latest research from Strategy Analytics. A marked slowdown in sales to emerging markets caused the industry's weakest growth rate since 2002. "After a buoyant first half of the year, demand has slowed suddenly in emerging markets due to weaker consumer sentiment and concerns about the economic outlook," said Bonny Joy, an analyst with Strategy Analytics. Article