Global cell phone market to grow 11% in 2008

Gartner expects cell phone market growth to slow to 11% from 16% in 2007, and in US dollar terms growth would slow to 9% from 11%. Handset vendors sold 304.7 mln mobile phones globally in Q2 2008, with strong demand in emerging markets lifting sales 11.8% from Q2 2007. The main gainer from surging sales in emerging markets was Nokia, whose market share rose to 39.5% in Q2 2008 from 36.7% in Q2 2007.