Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Delta Airlines becomes the latest airline to experience pet transport disaster. An 8-week-old puppy was flown across the country to the wrong airports by Delta Airlines landing in Detroit, Las Vegas and Salt Lake City before finally making to Idaho. On Saturday, a breeder put Josh Schlaich's new,... Facebook stock is plunging due to self-inflicted wounds. What was once America's favorite social media site is being a accused of turning into a cesspool of misinformation and narcissism. Facebook Inc.'s security chief, Alex Stamos, plans to step down from the company amid questions over Russia's... Media company Tronc, Inc. said Monday that Michael Ferro has stepped down as chairman of its board of directors. The company named Chief Executive Justin Dearborn as chairman of the board. Tronc noted that Ferro, its largest shareholder, is retiring from the board as the company prepares to close on the $500 million sale of its flagship newspaper, the Los Angeles Times, to local ownership.
comments powered by Disqus
Follow RTT