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Mobile Phone Market Shrank Due to Economy, iPhone 5 Anticipation

The worldwide mobile phone market shrank in the second quarter of this year, with sales falling by 2.3 percent compared to the same quarter a year ago, according to research company Gartner.

The reason for the decline was the “challenging economic environment,” Gartner said, as well as phone owners holding out for high-profile device launches later this year such as Apple’s iPhone 5.

Gartner warned that the third quarter may be “weaker than usual” for Apple depending on when exactly the iPhone 5 is released. The device is expected to be announced in September and launched a month or two later.

Nokia saw its market share drop 3 percentage points year over year for the second quarter, Gartner added, while sales fell by 14.8 percentage points. Motorola, LG, HTC, and BlackBerry maker Research In Motion all also saw losses in market share, while Apple and Samsung’s rose by 2.3 percentage points and 5.3 percentage points, respectively.

 

Worldwide mobile device sales to end users by vendor in Q2 2012 (thousands of units)
(Credit: Gartner)
Read more: CNET
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