Cellphone market Q1 growth fastest since 2006
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Handset makers sold 14 percent more phones in January-March than a year ago, growing at the fastest pace in five quarters, research firms said on Friday. In 2006, market growth was at over 20 percent level throughout the year.
“Global handset volume continues to increase at a healthy pace. Recent annual growth rates have actually gone up, not down. Emerging markets continue to surge,” said Neil Mawston, analyst at Strategy Analytics. The world’s largest phone maker Nokia, and Korean vendors Samsung Electronics and LG Electronics, won further share of the market, helped by attractive designs and wide offerings.
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