Sony Erricson falls shipments

A quote from the Wall Street Journal (Friday 20th March),

"Handset maker Sony Ericsson said it expects to ship about 42% fewer phones in the first quarter than it sold in the previous quarter, heightening concern about the slumping cellphone market. The company, a joint venture of Sweden's LM Ericsson Telephone Co. and Japan's Sony Corp., said it plans to ship around 14 million phones, down from 24.2 million phones in the fourth quarter."

Last week, Nokia fired 1700 of its employees due to financial conditions. The well-known EMCC Software Mobile Software Development,, is rumoured to be shutting down as well.

What do these happenings indicate? Is recession taking over the mobile industry strongly now?

So when is this recession going to end? These days it seems like a job-cutting festival. It’s quite upsetting that industries around the world suddenly started realizing that they are having millions or billions in losses and they should lay-off employees.