Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Reports: Samsung Plans To Double Smartphone Sales This Year

South Korea's Samsung Electronics Co. Ltd. (SSNLF.PK, SSNNF.PK) plans to sell 380 million mobile handsets and double its sales of smartphones this year, reports said quoting J.K. Shin, president of Samsung's mobile communications division.

Shin was speaking to reporters before the Mobile World Congress trade show in Barcelona, which will be on from February 27 to March 1. The company is expected to introduce several new products at the show, including the new 10.1-inch Galaxy Note and the Galaxy Beam, a projector smartphone.

Samsung said last month that its fourth-quarter profit was boosted by strong sales of its Galaxy smartphones, more than offsetting weakness in flat panels and computer chips. The company's smartphone business also reportedly surpassed major rivals, including Apple Inc. (AAPL), in shipments.

The company sold about 97 million units of smartphones and 327.4 million handsets last year.

The stock is currently down about 0.6 percent on the Kospi at 1,173,000 Korean won.

Click here to receive FREE breaking news email alerts for Samsung Electronics Co. Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.