Barely any rise this year, compared with 12 per cent in 2011.
Analysts at Credit Suisse are expecting to see 1.85 billion handset sales in 2012, up from the 2011 forecast of 1.82 billion.
Unsurprisingly, it suggests a bright spot in a sluggish year will be the smartphone space, with sales on track to reach one billion by 2015 and eventually account for nearly 80 per cent of handset industry revenue.
Credit Suisse has given projections on specific handset makers and is very positive about Nokia.
Analyst Kulbinder Garcha, who apparently has an excellent track record in predictions, raised his price target to €6 from €4 on Nokia, saying, “Nokia’s focus on Windows will allow the company to drive a recovery through 2012 in both its top-line and earnings.”
He believes Nokia can reach a 13 per cent market share, based on conversations with numerous operators.
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