The figures show that the overall shipments of mobile phones have dropped by 10% in the fourth quarter of 2008 in comparison with the same period of the previous year. The total number of mobile phones that were shipped during this period stands at just under 300 million units according to Strategy Analytics, a marketing research group. What was even more worrying was that fourth quarter sales of mobile phones were lower than third quarter sales, this setting a precedent for the difficult times ahead. Mobile phones, as a part of the consumer electronics sector, are following the rapid decline that has been seen in the automobile and housing markets. Three of the major mobile phone vendors experienced negative growth during this period, among them Sony Ericsson, Motorola
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