“The cellphone industry is poised for its first major shake-up since the beginning of the decade as the global economic downturn hurts sales of handsets and components, leaving some companies better protected than others,” Amol Sharma and Sara Silver report for The Wall Street Journal.
“One bellwether of the slowdown is Nokia Corp., which makes one in four cellphones sold world-wide. The company warned last week that it expects tepid demand during the holiday season and a shrinking global handset market next year as consumers cut spending,” Sharma and Silver report.
“The downturn won’t affect all handset makers equally. Those with high-end smart phones with the latest features, like touch-screens and fancy Internet capabilities, are forecast to weather the storm best,” Sharma and Silver report.
“Among the companies better positioned for the shake-up include BlackBerry-maker Research In Motion Ltd., which this week is releasing the touch-screen Storm through Verizon Wireless. Apple Inc., whose iPhone continues to sell rapidly around the world, also is situated well. Analysts also cite HTC Corp., maker of the touch-screen G1 phone, the first based on Google Inc.’s Android software,” Sharma and Silver report. “Motorola Inc., of Schaumburg, Ill., and Sony Ericsson are among the companies that could have a tougher time.”
Full article here.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]