Samsung sees higher global handset sales
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CHEJU, South Korea  - Samsung Electronics Co. Ltd.   005930.KS sees global mobile phone sales growing faster than   expected this year, while its own handset sales will just meet   the target, its president for handset business said on   Thursday.
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Samsung Electronics, the world's largest memory chip maker, announced better-than-expected results for 2004 and a positive outlook for 2005, in a boost to the struggling global IT sector.
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Global sales of mobile telephones surged a record 35 percent to 156 million units in the second quarter from the same period in 2003, a study published by the US research group Gartner showed.
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Robust demand from emerging markets in  Asia and Africa lifted third-quarter sales of all major handset  vendors from the previous quarter, with companies expecting  another sales boost from holiday shopping ahead.
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South Korea's LG Electronics Inc  said it aims to boost North American sales by 13 percent in 2008 and targets an increase of more than 70 percent in global flat-screen TV sales compared to last year.
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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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CHEJU, South Korea  - Global mobile operators and   device makers are betting that the next level of transmission   technology will ramp up mobile phone usage in a way that   third-generation technology has so far failed to do.
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Korean cell phone maker LG Electronics  Inc  aims to sell 38 percent more handsets in Europe  in 2008 than last year, helped by new models like Viewty, it  said on Wednesday.
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Worldwide mobile phone sales surpassed 156.4m units in the second quarter of 2004, a 35 per cent increase on the second quarter of 2003, according to market research group Gartner, Inc.
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The world will have almost two billion mobile telephone users by 2006 due to growth in emerging markets such as India and China, the head of Swedish giant Ericsson revealed.
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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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Revenues at the U.S. unit of LG  Electronics Inc. (066570.KS) rose 39 percent in the first half,  and North American sales are expected to top $10 billion this  year, fueled by demand for mobile phones, flat-screen displays  and appliances, it said on Thursday.
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Concern over falling profit margins at  Samsung Electronics Co. Ltd. grew on Thursday as the company  said it was spending more on handset marketing and a top broker  issued a "sell" rating on its stock for the first time in  years.
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Global mobile phone sales grew by 35% in the second quarter of 2004 compared with the same period last year, according to market monitors Gartner.
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The Finnish mobile phone giant says its next results will now be better than expected, thanks to a boost in handset sales.
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LONDON, September 20  - Samsung Electronics (SSUN.FSE) expects its global semiconductor sales growth to decline below 10% next year, from the estimated 20% for 2004.