Middle Eastern

Harman International this week denied reports that it had received a buyout bid from a Middle Eastern investment firm.

According to a new report from InfoTrends entitled Worldwide Camera Phone Forecast: 2007-2012, worldwide shipments of camera phones will jump from over 700 million units in 2007 to surpass 1.3 billion in 2012. This growth will be driven largely by the Asia-Pacific and ROW regions, where revenues will increase at respective CAGRs of 15 percent and 24 percent. While Europe has been camera phone-centric for many years, the biggest boost to unit shipments will come from the Eastern Europe, Middle Eastern, and African regions, as more camera phone players will compete to capture a share of these developing markets. InfoTrends’ Senior Research Analyst Carrie

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