Handsets Selling like Hot Cakes

According to analysts at IDC, our need for handsets seems almost insatiable as far more phones were sold in the second quarter compared to the same period in 2002. The worldwide market for handsets took off in the second quarter of 2003, reflecting continued consumer demand for mobile telephony. According to IDC’s Worldwide Handset QView, worldwide handset shipments grew by 19.2% year-over-year in 2Q03 and increased sequentially by 6.7% to 118.3 million units.

Nokia maintained its top position in the market while Sony Ericsson regained the number 5 spot from LG Electronics.

“Despite continued economic uncertainty worldwide, the threat of SARS, and concerns of terrorism, the mobile phone market recorded impressive results this past quarter,” said Ross Sealfon, research analyst in IDC’s mobile device program. “After remarkable success in Japan, cameraphones are attracting worldwide interest, and coupled with color displays and subsidized pricing, the overall mobile phone market is seeing significant growth in 2003.” Continue >>