economic crisis Archives — LIRNEasia


Nokia, the leading mobile handset maker, is experiencing the effects of the global economic crisis. But Asia is showing the lowest declines. In the three months through March, the company said its profit declined to 122 million euros ($162.3 million) from 1.2 billion euros a year earlier.

Are mobilephone markets saturated?

Posted on February 4, 2009  /  0 Comments

According to analysts who see the world as made up of the US market, yes: Analysts and investors are beginning to ask whether the industry can continue growing. The challenge is both simple and daunting: how to expand when more than half of the six billion people on the planet already have phones. And even in developing countries where there are underserved markets, subscribers spend less on phones and services. Craig Moffett, an industry analyst at Sanford C. Bernstein & Company, is one of the skeptics.
How does the economic crisis ripple out? Like this: Texas Instruments posted a smaller-than-expected decline in fourth-quarter profit Monday, but said it might post a loss in the current quarter and announced a 12 percent cut in jobs as demand for cellphone chips fell. Full report.
Interesting point Kelly Glynn makes in apache.sys-con.com: It isn’t easy to look on the bright side of an economic crisis. The unstable stock market is provoking widespread talk of “belt-tightening,” and already thousands of people have lost their jobs. However, there is a silver lining for cloud-based services: companies looking to cut IT spending are starting to take notice of Google Apps and other online productivity suites.