CORRECTED - (OFFICIAL)-UPDATE 1-Handset sales fall 8.6 pct in Q1-Gartner
(Gartner corrects Q1 market fall to 8.6 pct from 9.4 pct, in headline and lead)
* Retailers' stocks fall by some 25 million phones in Q1
* Smartphone sales grow 12.7 pct y/y
* Repeats sees sales to end-users falling 4 pct in 2009
(Adds details)
PARIS, May 20 (Reuters) - Global cellphone sales fell 8.6 percent in the first quarter of 2009 as consumers reined in spending amid the recession, research firm Gartner said on Wednesday.
In addition to weaker consumer demand, the handset industry has also been hurt as retailers unwind large inventories of unsold phones following a drop in demand in late 2008.
Gartner said retailers' stocks fell by some 25 million phones in the quarter and said it expects destocking to continue in the April-June quarter, but at a lower pace. Continued...
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