SAN FRANCISCO - Global handset shipments grew nearly 5 percent in the second quarter, the first quarter-on-quarter growth in nine months, marking a reversal of course for the struggling market, researchers at iSuppli said on Friday.
Worldwide shipments of cellphones rose 4.7 percent to 265 million units in the second quarter compared with the first quarter, helped by strength in the Middle East and Latin America, according to preliminary data from iSuppli.
"The moderate increase indicates the worldwide mobile handset market is bottoming out and now is returning to growth," iSuppli analyst Tina Teng said in a statement.
Shipments for 2009 are still expected to shrink 9.9 percent year-on-year to 1.1 billion units—their first annual decline in eight years.
But iSuppli forecast an improving second half, with quarter-on-quarter increases in shipments of 6 percent in the third quarter and 8.3 percent in the fourth quarter
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