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consumer spending posts

Samsung warns that the handset market ain't what it used to be

by Darren Murph posted Nov 25th 2008 @ 4:01PM

Echoing sentiments 'round the globe is Samsung, who evidently understands that Q4 and beyond will be much tougher for handset makers than in quarters past. According to spokesman James Chung, "the actual global market growth on a unit basis could come short of [Samsung's] initial forecast for 9% growth (in 2008)," and "as for next year, it is possible that the market could post a single-digit or even negative growth." Of course, it's not like any other cellphone maker has it too much easier, but for folks wondering if Sammy had some kind of magical elixir for generating positive numbers, we hate to say it doesn't.

[Via RCRWireless]

Motorola and SE pinpointed, may face tough time "weathering the storm"

by Darren Murph posted Nov 17th 2008 @ 9:24AM

No, not that Storm silly -- that storm. As cellphone users around the globe put off that once imminent upgrade purchase in order to make the mortgage and feed the family, (most) handset makers are obviously feeling the pinch. A fresh report from The Wall Street Journal pretty much reiterates much of what we've already heard, but still dives deeper into which companies are best positioned to escape the madness. As predicted, HTC, Apple and Nokia were all pinpointed as being able to make it through tough economic times without losing their proverbial hats, but both Motorola and Sony Ericsson could be facing insurmountable odds. Granted, it's not like either firm has really been killing it of late, but it's a pretty bad time to be struggling, regardless. The takeaway? Don't be shocked to see some wild stuff go down in the mobile space -- all bets are off at this point.

[Image courtesy of DayLife, thanks JagsLive]