Too Many Cell Phone Companies Expect Huge Unit Growth

Samsung, one of the five largest cellphone manufacturers in the world, raised its forecast for 2010 unit sales to 25 million. The South Korean company added that it expects to sell 50 million handsets next year. No one believes that the cellphone market will double in 2011, so the Samsung statement begs the question of where its tremendous growth will come from. Most large handset companies have predicted very good years in 2011. Part is due to an expected 15% growth in the global market which would move overall sales above 1.2 billion. But someone will lose market share although every company in the industry claims it will gain. It is easy to say that Apple Inc AAPL will double sales. The market penetration of the remarkably popular iPhone is still small and the device is not available in great numbers in large markets like China. To read the rest, head over to 247WallSt.com