Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (7027)	9/2/2003 12:57:24 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Global sales of cell phones jump in Q2, say reports Silicon Strategies 09/02/2003, 11:00 AM ET SAN JOSE, Calif. -- Consumers bought a total of 114.9 million mobile phones in the second quarter, setting up 2003 for what could be a record sales year of between 450 and 460 million phones, according to multiple reports that cited market research firm Gartner Inc. as their source. However, in China manufacturers are facing a sales crisis sparked by the Severe Acute Respiratory Syndrome (SARS) that impacted sales there in the second quarter, the reports said. Growth in emerging markets was the main reason why handset unit sales rose 11.9 percent year-on-year and two percent from the first quarter to a new high, the reports said. "Sales in Japan, Latin America and the developing markets of central and eastern Europe and the Middle East and Africa far exceeded expectations during the quarter," one Reuters report quoted Gartner as saying. Nokia remained in number one position with 35.9 percent market share up from 35.0 percent in the first quarter. Nokia was predicted to increase its market share to in excess of 40 percent later in the year. Motorola dropped to 14.6 percent from 14.7 percent in the first quarter, hurt by the SARS epidemic and competition in the Chinese market. Samsung fell to 9.9 percent from 10.5 percent due to SARS and lower handset subsidies. Siemens also declined; to 7.0 percent from 7.6 percent due to a lack of new models but Sony Ericsson rose to 5.5 percent from 4.8 percent. Gartner was reported as saying there is an imminent crisis in the Chinese market, where sales to distributors exceeded purchases by customers by more than 40 percent.