Wall Street financial crisis pressed more on handset manufacturers

This IT news is provided from the Best Web Service Company Limited
Sept. 19, according to foreign media reports, financial crisis hit the global banks as well as make phone manufacturers and operators lose tens of thousands of the most valuable customers. Analysts said that BlackBerry maker RIM's success is dependent on the future of Wall Street to a large extent.

New York Governor David Paterson said earlier this week, Lehman Brothers bankruptcy, as well as other large-scale financial crisis, the worst-case scenario is that 40,000 employees in the financial sector may be unemployed.

Market research firm Strategy Analytics analyst Neil Mawston said: "The financial crisis in the field of RIM may have the greatest impact. Palm, HTC, HP will also be a certain degree of impact."

In addition, the United States and Europe due to shrinking market demand, cell phone manufacturers also compete for market share is facing stiff competition from Europe and the United States of the current market is facing a global credit crunch brought about by the pressure.

Operators have begun to promote more expensive handsets with favorable measures in the hope of attracting those who want to buy cell phones to surf the Internet and send or receive e-mail, thereby to confront with the increasingly serious problem.