TAIPEI, TAIWAN – According to recent data from CCID Consulting, China’s smartphone market experienced an increase in sales during the third quarter. Total sales came in at 18.17 billion yuan (US$2.54 billion). This marks a 4.5% increase in revenue. A 0.6% increase over the second quarter resulted from 7.47 units being sold. Sales volume made up 19.3% of total handset sales in China. Nokia and Motorola made up 89.15% of the total market share.
NEW YORK – Research firm Gartner Group today sharply lowered its global semiconductor revenue outlook, saying the market would fall 16.3% in 2009 to $219.2 billion.
Last month, company guided for a 2.2% drop next year.
Semiconductor revenue is expected to drop 4.4% overall in 2008 on a fourth-quarter plunge of 24.4%.
If Gartner proves correct, it would be the first time the market fell in consecutive years.
Gartner forecasts a recovery in 2010 and 2011, with upticks of 14.6% and 9.4% respectively.