iPhone 5 to boost smartphone sales in the 2nd Quarter says Analysts

When comparing the first quarter of 2011 to the first quarter of this year, the worldwide sales for mobile phones have gone down to 2 percent. The decline in sales was caused by the slowdown in demand from the Asia/Pacific region; however the launch of Apple’s iPhone 5 is expected to improve the statistic, according the analysts. Gartner says that the new iPhone will improve the rest of the quarters of the year in Western Europe and North America. The report also notes that major reason of slowdown is users waiting for the arrival of iPhone 5, which is holding people back to purchase an iPhone at this time.
The market shares of other companies such as RIM, Nokia, Motorola, LG and HTC have also shrunk when compared to the first quarter of 2011. This happened due to lack of new launches from branded manufacturers and China, in the first quarter of the year, always remain a big market as Chinese New Year normally leads a sales boom but this year, consumers are waiting for high-end devices like the Apple iPhone 5 and not buying existing iPhone 4S. In the first quarter of last year, sales were reasonably strong, More than 5 million devices were sold and China emerged as the second largest market for Apple after the US.
The report findings also include that Apple sold 33.1 million iPhone in the first quarter of 2012 and ranked as third largest smartphone maker after Samsung and Nokia, with share of total market; however, with new iPhone 5, Apple will again be able to add boost in sales in the second half this year…

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