Sales of smart phones have been hurt by the economy, at least according to industry research. The handsets, which function as small, de facto PCs, are expensive and often have costly subscription plans. Earning results from RIM (RIMM) showed that business use of the devices is still fairly strong, but that leaves the consumer handset market where overall consumer spending could cause an ongoing slump in the purchase of consumer electronics.
One of the world's largest smart phone companies, HTC, is not well known in the U.S. Several HTC products use the new Google (GOOG) Android handset operating system. The Wall Street Journal says the company "sees signs that the global smart-phone market is reviving after a relatively weak first quarter."