Cell Phone Market Growth Slowing-Ericsson
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Ericsson, the world's biggest producer of mobile phone networks, said market growth would slow next year, sending its share price down sharply despite reporting a big jump in third-quarter profits on Friday.
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Sony Ericsson, the world&#39;s fourth  biggest mobile phone maker, posted higher second-quarter sales  on Wednesday but its profit and its average phone sale prices  were below analyst estimates.
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The global mobile phone marketis expected to see a slow down in market growth due to the lack ofadditional catalysts, US high tech market research firm IDC warnedon Tuesday.
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Analysts at IDC predict annual growth in mobile phone sales will drop below 10 percent this year, casting doubt on Nokia's more upbeat outlook for 2008.
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Samsung Electronics posted a 46 percent gain in earnings, despite a dip in its cell phone and telecom-equipment business. Separately, Sony Ericsson posted a 29 percent year-over-year increase in sales during the third quarter.
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U.S. telephone carrier customers of  Samsung Electronics saw slowing sales of cell phones towards  the end of the holiday shopping period, which was a strong  sales period for Samsung, a top executive for the phone maker  said on Sunday.
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Mobile phone infrastructure firm Ericsson sees worse than expected quarterly results and lowers its forecasts for 2007.
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STOCKHOLM (Dow Jones)--Expectations for Telefon AB LM Ericsson&#39;s (ERICY) third-quarter performance imply that while sales of mobile telephony equipment are expected to have dipped, the company
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Hutchison Whampoa Ltd. has more than 13.5 million 3G mobile phone customers worldwide, but the rate at which it adds new users has slowed substantially.
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The boom in mobile ringtones may be waning with the UK market set to shrink 20% in 2006, research suggests.
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Mobile communications specialist Ericsson reported strong third-quarter earnings on Friday but said it expected only slight growth in mobile networks in the coming months.
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Ericsson , the world's biggest mobile network maker, reported softer second-quarter earnings than expected on Friday, posting flat sales in its key European market and disappointing the market in its multimedia drive.
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STOCKHOLM, Sweden -- LM Ericsson shares plunged nearly 24 percent Tuesday as the wireless network company unexpectedly cut its third-quarter forecast, the latest cell phone technology company to feel the pinch of slowing sales worldwide.
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LM Ericsson, the world&#39;s largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts&#39; expectations but said it expects only slight growth in mobile networks in the coming months.
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Telecom equipment maker Ericsson  (ERICb.ST) reported lower-than-expected profit and announced  sweeping job cuts on Friday as the group hunkered down for what  it expects will be a flat market this year.
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Ericsson, the world&#39;s biggest mobile  network maker, reported softer-than-expected second-quarter  earnings on Friday but said the company continued to outperform  the market.
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(InfoWorld) - Telefonaktiebolaget LM Ericsson believes companies will be able to make 3G (third generation) mobile phones for as little as $70 next year as component makers step up their efforts to simplify the handsets, an executive said. The low-cost 3G handset would likely allow users to browse the Internet, and use messaging and voice services, according to Sean Gowran, president of Ericsson Taiwan. Low-cost handsets have been aÂ buzzword in the industryÂ for the past few years as a way to tune more people into the existing global GSM (Global System for Mobile Communications) wireless network. The GSM Association (GSMA) has evenÂ launched a contestÂ to inspire mobile phone makers to create a low-cost 3G handset, an idea similar to their contest a year ago aimed at producing a GSM handset for under $30.Â Motorola won that contest. Demand for the low cost GSM phonesÂ has been brisk in emerging markets such as China and India this year, where mobile phone use is growing at frantic pace. India recently announced its strongest month ever for wireless subscriber growth, at 6.71 million people in October. The figure brings its total to 136.22 million subscribers, up from 75.9 million at the end of last year, according to the Telecom Regulatory Authority of India. By 2010, there will be 405 million mobile phone subscribers in India, according to market researcher iSuppli, thanks to ultra-low-cost handsets. In China, theÂ number of wireless handset usersÂ climbed to 449.02 million at the end of October, up from 393 million at the end of last year, according to the Ministry of Information Industry, that country's telecom industry regulator. Ericsson believes that efforts to reduce costs have had a big impact on the mobile phone industry. Cheaper components, and fewer components will be vital to efforts to develop a $70 3G handset. "The number of components is dropping dramatically," said Gowran. Fewer components reduces manufacturing complexity and can allow handset makers to reduce materials costs. The difference between a low-cost 3G handset and a high-end one will be huge, he said. An advanced handset with all the latest features, smart phone computing capabilities, the latest digital camera functions, multimedia applications with plenty of memory and the ability to use push mail and mobile TV will still be more expensive at around $500. Gowran also clarified that the $70 target is not an end-user price, but a cost-to-make price, and that Ericsson would not be producing such phones since it does not build mobile handsets anymore. The Sony Ericsson Mobile CommunicationsÂ joint venture with Sony took over all Ericsson handset production, and Gowran said he could not speak on behalf of the company. The original talk regarding low-cost 3G handsets was given by Robert Puskaric, the head of the mobile platforms division at Ericsson, at the International Telecommunication Union (ITU) Telecom World 2006 conference in Hong Kong. The exhibition runs through Friday.