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Tuesday, Jun 26
2012, 6:36 PM
Barclays joins Goldman in cutting its mobile industry forecasts. Total mobile phone shipments...
Barclays joins Goldman in cutting its mobile industry forecasts. Total mobile phone shipments are now expected to grow 6% in 2012 and 2013 (8% prior), and smartphone shipments are expected to grow 42% in 2012 (46% prior). Nokia's warning and signs of slowing iPhone sales are cited as reasons. The firm is also cutting its June and September quarter estimates for Qualcomm's (QCOM) baseband chip shipments (already pressured by supply issues) by 3M-4M. (previous)