"Japanese-Swedish mobile phone maker Sony Ericsson said on Tuesday it expects slower growth in the global handset market next year.
"Replacement sales in rich markets, which has powered the market this year as consumers are trading in their old phones for new models with color screens and built-in cameras, may not be such a major force next year, said Miles Flint, president of the three-year-old joint venture between Sony and Ericsson.
"The phone market will be dominated by current models, although 2005 will be the first year of volume sales of handsets that can work on third generation (3G) networks, for fast multimedia services like video telephony and song downloads."
Santosh Menon. INTERVIEW: Sony Ericsson Chief Sees Slower Growth. Reuters. Oct. 5, 2004.
Posted by Carol Schwartz at October 8, 2004 07:06 AM | Send to a friend! | Topic(s): File Sharing, Mobile Devices, Multimedia, Peer-to-Peer, Telephony (VoIP)