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Mobile phone market to grow in 2010

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Mobile phone market to grow in 2010

Conditions in the mobile phone market are set to improve dramatically this year, new research suggests.

The recession caused a one per cent fall in the size of the global mobile market in 2009, which broke an eight year run of impressive growth.

However, analysts at research firm Gartner predict that the market will expand by between 11 and 13 per cent over the next 10 months.

This is an even more positive outlook than the one forecast by the same team back in December 2009, when nine per cent was the estimate.

Gartner's Carolina Milanesi said: "Sales will return to low-double-digit growth, but competition will continue to put a strain on vendors' margins."

Smartphone sales, meanwhile, are set to soar in 2010, according to Gartner, which is expecting a 46 per cent increase in sales, which will see over 250 million units flying off the shelves.

Ms Milanesi said that Nokia is still confronted with big obstacles to navigate if it is to hold onto its current share of the mobile market.

"[Nokia's] very strong mid-tier portfolio will help it hold market share, but its ongoing weakness at the high end of the portfolio will hurt its share of market value."

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