Global shipments of cell phones in the second quarter climbed 4.7$ compared to the first, marking the first sequential increase for the market since the third quarter of 2008, according to iSuppli Corp.
Worldwide shipments amounted to 265 million units in the second quarter, up from 253 million in the first.
iSuppli said that shipments are expected to rise by 6 percent 280.9 million in the third quarter and by 8.3% to 304.2 million in the fourth. Despite the quarter-to-quarter increases, annual shipments are still expected to contract by 9.9% in 2009, with the total for the year amounting to 1.1 billion units, down from 1.23 billion in 2008.
The best performance in the second quarter was posted by South Korea’s LG Electronics. LG's mobile handset shipments rose to 29.8 million units in the second quarter, up 31.9% from 22.6 million units in the first quarter. Company market share rose by 2.3 points to 11.2%.
Motorola Inc. in the second quarter increased its shipments by 0.7% to 14.8 million units, up from 14.7 million in the first quarter.
to Daily News