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With evidence of slowing demand piling in (I, II), Goldman's Simona Jankowski is cutting her...
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Monday, June 25, 2012, 4:05 PM ETWith evidence of slowing demand piling in (I, II), Goldman's Simona Jankowski is cutting her 2012 mobile phone shipment forecast to 1.84B units from 1.95B. The new estimate represents Y/Y growth of just 4%. Smartphone sales are now expected to grow 38% to 649M, down from a prior 42% and below other estimates. Western demand is seen pressured by a mixture of macro issues, subsidy cuts, and higher upgrade fees, though Chinese sales are believed to be relatively healthy.
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