The analytical company with a long name IMS Research Online Cellular Database, reflecting on the first quarter sales results in 2008, concluded that in 2008 the market of mobile phones will recess.
The forecast of IMS Research Online Cellular Database is disappointing; the market is expected to decline by as much as 6%. The factors that caused this recession are more than enough, starting with the crisis in the United States and ending with flooding the European and Japanese markets with mobile phones.
According to IMS Research Online Cellular Database due to the mortgage and financial crisis, many people in 2008 may experience a lack of cash to carry out the replacement of their old mobile phone or to buy a second one.
