Demand in emerging markets fueled worldwide growth in the cell phone market for the first quarter of 2008, according to a new report from Gartner.
The firm published a report on Wednesday that said worldwide sales had increased by 13.6 percent in the first quarter compared to the first quarter of 2007. Much of this growth came from developing markets.
Sales in Asia jumped 26.6 percent from the same quarter in 2007 driven by demand in India and South Korea, as consumers upgraded their handsets before extending carrier contracts. Sales also increased by 25.8 percent in Eastern … Read more