Sony Ericsson announced last week that its first-quarter profits may be about half what it predicted because of slow demand for its full featured music phones and shortages of some key components. It seems that the cell phone market in the UK is saturated to the point that even top dog Nokia is expecting slow sales.
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Nokia said that growth in the first three quarters of 2008 would be slower than the growth seen in the same period of 2007. Sony Ericsson says that its profits will be in the area of €150m (£118m) and €200m for the first three quarters as compared to €362m last year.
The only major player in the high-end feature rich phone market not seeming to feel a downturn in profits is Apple with it massively popular iPhone. One has to wonder if the success of the iPhone in the top-end market segment has something to do with the downturn in profits for the other players in the high end space.
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Via The Guardian