Sales of mobile phones worldwide have gone into reverse as the industry's drive towards longer contracts has reduced the need to constantly upgrade a handset.
About 1.75 billion mobile phones were sold last year, according to Gartner, the research company, almost 2 per cent lower than in the previous year. That ended a run of explosive growth in the sector, with sales up 50 per cent in the three years to the end of 2011 as people switched to smartphones.
Source:
http://www.theaustralian.com.au/australian-it/mobile-phone-sales-fall-globally-as-companies-seek-longer-contracts/story-e6frgakx-1226577804283
