October 16, 2008 / 11:11 AM / 11 years ago

Gartner cuts 2008 cellphone sales growth view

HELSINKI, Oct 16 (Reuters) - Mobile phone sales will grow slower this year than previously estimated as economic turmoil hits demand in Europe and Asia-Pacific regions, research firm Gartner said on Thursday.

Gartner said it has cut its volume growth forecast for the handset market to around 8 percent from above 10 percent.

“We have changed our view of the market,” Carolina Milanesi, a Gartner analyst, told Reuters.

She said the forecast was changed before Nokia released its weaker than expected third-quarter earnings. (Reporting by Tarmo Virki; Editing by David Cowell)

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