With evidence of slowing demand piling in (I, II), Goldman's Simona Jankowski is cutting her...
With 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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