Cell phone sales around the world took a nose dive in the fourth quarter, as the weakened economy hurt demand for new devices. But sales of smartphones continued to grow.
According to IDC, overall sales of cell phones in the fourth quarter were down about 12.6 percent compared to the fourth quarter of 2007. In the fourth quarter of 2008, manufacturers shipped a total of 289.0 million units, compared to 330.8 million units shipped during the fourth quarter a year ago.
''The fourth quarter was the perfect storm of factors to produce this result,'' Ramon Llamas, senior … Read more