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Sunday, July 17, 2005
As markets mature in the mobile phone industry, the double digit growth rates are declining and shipments of new mobile phones are likely to grow at just under 6% in the coming years says the Instat report tracking the mobile handset growth. The worldwide mobile phone market will grow once again this year, setting yet another record. However, the rate of growth will slow, according to this new In-Stat report. Manufacturers will produce nearly 720 million units, according to the report titled "Humming Along: 2005 Mobile Phone Market Forecast". That represents a 5.8% increase from a year ago, but is down from double-digit growth seen in recent years. Sales of these phones will generate nearly $112 billion in revenue, the report points out. New subscribers and steady replacement rates will fuel the growth. But the rate will slow due to high penetration levels in some mature markets, and weaker-than-expected growth in some emerging ones.
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