logo
Share SHARE
FONT-SIZE 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

Quick Facts

Editors Pick
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT