Demand for mobile phones stalled in the second quarter of 2012, according to figures.
Experts claim consumers are holding off new handset purchases and are instead waiting for the arrival of the rumoured iPhone 5, which is expected to be released in September.
Statistics from research specialists Gartner claim the smartphone sector experienced a 2.3 per cent year-on-year decline, with Samsung sitting firmly on top of the leader board with a whopping 21.6 percent share of sales.
Meanwhile, Apple has increased its market share by 2 per cent year-on-year.
Anshul Gupta, principal research analyst at Gartner, said: "The challenging economic environment and users postponing upgrades to take advantage of high-profile device launches and promotions available later in the year slowed demand across markets."
"Demand of feature phones continued to decline, significantly weakening the overall mobile phone market," he added.
A Carphone Warehouse representative told T3: “There has been a rise in people getting SIM-only contracts, up by 26.5 per cent from last year. It’s clear customers are holding out for new launches”
The company later said in a statement: “As the only retailer in the UK to offer smartphones across all the networks, we’re expecting a flurry of long term contracts to be taken out in the coming months once the new handsets are made available.
“It’s already been a very exciting year for the mobile phone industry, the launch of the record breaking Samsung Galaxy SIII in May was a particular highlight but there are many more big launches still to come; other major products are expected before the end of the year. 2012 could define the smartphone market for years to come.”
Words: Bertan Budak