Cell phone industry declares end of recession, says iSuppli

The cell phone industry is proclaiming the end of the recession for the segment following an outstanding final quarter of 2009 and a projected substantial growth for smartphones in 2010, according to iSuppli. A resilient performer in an otherwise moribund world economy during the past year, cell phones ended 2009 with shipments of 1.15 billion units. While that number is down from the overall 2008 figure of 1.2 billion handsets, shipments in the fourth quarter of 2009 represented the culmination of an increasing growth pattern throughout all of last year. Compared to third-quarter shipments of 290 million, about 335 million mobile handsets were shipped in the fourth quarter, up 15.5%.



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