Scalper1 News
The heady growth days appear over for the mobile phone industry, based on data compiled by Raymond James analyst Tavis McCourt. After declining during the Great Recession in 2008 and 2009, the industry recovered in 2010 and posted four years of double-digit revenue growth. But the sector has reported three straight quarters of decelerating sales growth on a year-over-year basis, going from 18.5% in Q1 2013 to 7.3% in Q4 2013. McCourt projects just 1.8% growth this quarter and little or no growth for the full year, according to a report Monday . The chart with this story tells the story. Revenue growth from publicly traded mobile phone vendors is evaporating. Wall Street has been focused on slowing smartphone growth in Q4, now they have to worry about growth in the total mobile device market, including feature phones and tablets. A no-growth mobile phone market means competition will be even fiercer … Scalper1 News
Scalper1 News