Samsung Sees Handset Sales, Margins Up
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Samsung Electronics Co. Ltd. said on Thursday it expected mobile phone sales volumes and profit margins picking up in the first quarter of next year after cleaning up inventories in the current quarter.
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Sony Ericsson, the world's fourth-biggest mobile phone maker, posted higher second-quarter sales on Wednesday but its profit and its average phone sale prices were below analysts' estimates.
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(InfoWorld) - Worldwide mobile phone sales grew 21.5 percent year on year to 251 million units in the third quarter, with India and China driving growth, according to research from Gartner Inc. Gartner predicts that sales for the year will fall just shy of one billion phones. Sales should reach 986 million units by the end of the year, the research group said. Europe, one of the most mature mobile phone markets in the world, showed just 1.9 percent growth over the same quarter last year. Asia Pacific experienced the most dramatic gains, with sales of 80.8 million units during the third quarter, an increase of 54.7 percent over the same period last year. That significant growth happened despite a decline in sales of 4.7 percent in Japan compared to the third quarter in 2005. An increase in retail outlets and better distribution channels in emerging markets such as Indonesia, Philippines, and India significantly offset that loss though, driving growth in the region. Other regions of the world also reported solid growth. In Eastern Europe, the Middle East and Africa, sales grew 19 percent compared to last year, to 48 million phones. North American sales reached 40.8 million units, up 12 percent. Sales in Latin America grew 13.7 percent over the same time last year, to 29.8 million phones. Gartner reported that the smaller phone makers will increasingly struggle to compete against the giants. In the third quarter, Nokia, Motorola, and Samsung Electronics together accounted for 68 percent of phone sales. Among those three, competition is fierce. While Motorola increased its market share during the quarter, it lost its number one position in Latin America, to Nokia, and also lost its number two spot in Western Europe, to Samsung. Nokia has the largest market share worldwide, but failed to grow its market share in North America during the quarter. Nokia's worldwide market share was 35.1 percent, up from 32.5 percent in the same quarter last year. Motorola had 20.6 percent, compared to 18.7 percent during the third quarter in 2005. No. 3 vendor Samsung had 12.2 percent market share, just slightly down from 12.5 percent last year.
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Samsung shares rise 6% despite falling profits as investors focus on upbeat forecasts.
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Samsung&#39;s net income rose to US$2.34 billion from $1.60 billion last year. Sales gained 27.4 percent to $12.9 billion from $9.
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LG Electronics Inc., South Korea's biggest maker of home appliances, said Tuesday its third-quarter net profits rose more than 30 percent on brisk sales of mobile phones.
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LG Electronics Inc., Korea&#39;s second-largest electronics-maker, yesterday reported a 36 percent increase in its third-quarter profits, beating analyst forecasts thanks to a jump in its mobile phone handset sales.
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The maker of mobile phones said a push into emerging markets drove handset sales to a record.
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The global market for mobile telephones grew sharply in fourth quarter 2004, with sales up by 25 percent to a record 200 million units from the same period of 2003, but overall sector growth should slow in 2005, the research group Strategy Analytics reported.
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GLOBAL handset sales rose to record levels in the second quarter, putting the industry on track to ship 650 million cell phones in 2004 as market leader Nokia halted its decline, a survey said.
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Nokia Corp. increased its global market share of mobile phone handsets for a second successive quarter, reaching 30.9 percent with sales of 51.7 million units, market researcher Gartner Inc. said Wednesday.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.
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South Korea's Samsung Electronics Co. expects strong demand and cost cuts to boost second-half profit in its chip business, it said Friday.
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U.S. telephone carrier customers of  Samsung Electronics saw slowing sales of cell phones towards  the end of the holiday shopping period, which was a strong  sales period for Samsung, a top executive for the phone maker  said on Sunday.
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Samsung Electronics (005930.KS) said on  Tuesday it is targeting a 15 percent rise to 30 trillion won  ($32 billion) in global sales of digital media this year from  2007 through steady growth in TV, printers and computers.
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Mobile phone sales were up 26 percent in the third quarter, with Nokia (NYSE: NOK) solidifying its position as the leading manufacturer, while Samsung leapfrogged past Motorola (NYSE: MOT) for second in the global rankings.
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Samsung Electronics posted a 46 percent gain in earnings, despite a dip in its cell phone and telecom-equipment business. Separately, Sony Ericsson posted a 29 percent year-over-year increase in sales during the third quarter.