The global economic crisis is taking its toll on the cell phone business, with sales even in the hot smartphone category also expected to slow in 2009.
Two major market research firms published figures for the fourth quarter of 2008 this week. And they each have bleak news for the cell phone industry.
IDC said it expects the volume of all mobile handsets to decline by 8.3 percent in 2009. And it expects sales of hot smartphones, like Apple's iPhone and Research In Motion's BlackBerry phones, to slow to about 3.4 percent growth. Smartphones have been … Read more