Yet another research report confirms that the year 2005 is going to be an annual spell of windfall for mobile handset manufacturers. According to the latest report by Strategy Analytics, global mobile phone shipments in the current calendar year are likely to cross a staggering figure of 800 million units which will mark an improvement of nearly 25% in the sales growth figure on an annual basis.
The projection is based on the first nine months of handset shipments, which show a robust growth pattern. In Q3, 2005, the total handset shipments touched a record figure of nearly 210 million units, this was in addition to over 300 million units sales registered in the first half of this year. According to strategy Analytics, this triggered the hopes of 800 million mobile shipments this year.
Neil Mawston, Associate director of the Wireless Device Strategies (WDS) commented, “A record 209 million mobile phones were shipped worldwide in Q3 2005. Following 566 million units during the first 9 months of the year, we expect the full-year total to surpass the 800 million level for the first time ever. Q4 will be yet another record quarter and the cell phone market is on track for $120 billion in total annual wholesale revenues by the end of this year.”
The expected record sales is also believed to have been triggered by a cost competitive push by companies, the average selling price of mobile handsets slumped by nearly 11 percent on a global basis. Among companies that are reaping the full benefits of this windfall, Motorola and Sony Ericsson are leading the pack with their best ever respective figures and have increased their market shares in the global handset market.