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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Sales will be $3.35 billion to $3.5 billion, compared with an October forecast of $3.46 billion to $3.75 billion, because of lower revenue from handsets.
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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 Co., the world&#39;s second-largest maker of semiconductors, forecast slower growth in the chip business next year but said it would grow faster than the overall industry as it expands beyond the memory-chip segment it dominates.
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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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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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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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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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Analysts predict that Nokia will gain much of the market share that Motorola is losing and that Samsung could soon become the world's second-largest handset vendor.
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South Korean mobile phone makers  continued a rapid move up the global market rankings during the  third quarter, while growth in the wider mobile phone market  slowed, a survey found on Wednesday.
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Nokia, the world's largest mobile phone maker, said its results for third quarter would be better than earlier forecast due to higher-than-expected handset sales.
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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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Korea's Samsung Electronics   hopes to have a phone based on Google's   Android mobile phone software platform by early next year, it  said at the Mobile World Congress on Monday.
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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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Nokia, Samsung dominate mobile market, which sold more than 300 million handsets in the fourth quarter, IDC analysts say.
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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 on Thursday.