Cell phone sales booming

Strategy Analytics said on Thursday that just two weeks ago, it internally raised its full-year global sales targets to 504 million units, from the already bullish 492 million. That is a massive leap from the 429 million units of 2002 and the first significant growth since 2000. “Prices have come down sharply and there?s also pent-up demand,” said analyst Neil Mawston, adding that Europeans replace their phones after some 30 to 35 months and that 2000 was a year in which many Europeans bought their first handsets. Handset makers, which were planning for a market of 440 million to 460 million units, now quickly need to get their hands on more chips, colour displays, cameras and lenses.

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