Samsung phones saw good Q4 in U.S.
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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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Sony Ericsson, the world&#39;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&#39; estimates.
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Samsung Electronics (005930.KS), the  world&#39;s top memory chip maker, reported a smaller-than-expected  5 percent drop in quarterly profit on Friday after a steep fall  in computer memory chip prices overshadowed improvements in  flat screens.
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Even after being on the market for less than half a year, more iPhones sold in the fourth quarter than Windows Mobile phones in the U.S., according to research from Canalys.Canalys researchers estimate that&#160;the iPhone&#160;had 28 percent of the U.S. converged-device market in the fourth quarter of 2007. Research In Motion, with 41 percent, had the largest share of the market. Windows Mobile phones had 21 percent share of devices sold in the quarter, falling into third place behind Apple.Worldwide, the lineup is a bit different. Nokia, which typically dominates around the world but not in the U.S., sold 52.9 percent of smart phones worldwide in the fourth quarter. RIM grew its share of converged-device sales to 11.4 percent, up 121 percent over the same quarter in 2006. Despite its limited availability around the world, Apple took third place with 6.5 percent of the market, just barely squeaking ahead of&#160;struggling Motorola.Apple may have stirred renewed interest in smart phones in the U.S. Converged-device shipments, which include smart phones and wireless handhelds, grew 222 percent in the U.S. during the quarter, according to Canalys.The iPhone also did well in the Europe, Middle East, and Africa region, where it became available in three countries partway into the quarter. In the region, Apple came in fifth place behind Nokia, RIM, HTC, and Motorola, but beat out Sony Ericsson, Samsung and Palm, Canalys said.Apple&#39;s success as a new entrant is striking, but it will face challenges to keep its momentum going, said Canalys analyst Pete Cunningham in a statement. Historically, vendors with just one smart phone design, no matter how good, struggle, he said. That means Apple will have to create and refresh a portfolio of devices if it wants to increase its market share, he said.Beyond hardware, competition is continuing in the mobile operating system market. Worldwide Symbian, which credits most sales to Nokia, had 65 percent of the market, followed by Microsoft at 12 percent and RIM at 11 percent, for the fourth quarter, Canalys said.Despite all the buzz around mobile Linux, total Linux phone shipments in 2007 were essentially flat compared to 2006, Canalys found. In Asia Pacific, Motorola had a drop of 28 percent in its Linux smart phone shipments compared to 2006.Phone makers are trying to attract customers to smart phones, which carry a higher price tag than low-end feature phones. However, converged devices made up just 10 percent of the global phone market in 2007, the researchers found.
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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&#39;&#39; rating on its stock for the first time in years.
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Strong demand for replacement handsets in western Europe and the US helped push global mobile phone sales to 156.4 million units in the second quarter of 2004, a 35 per cent increase from the second quarter of 2003, new research has claimed.
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Nokia reported a 44 percent rise in net profit for the fourth quarter, on sales that increased 34 percent. The company estimates 1.14 billion phones were sold in 2007, 40 percent of them bearing the Nokia brand.The company made net profit for the quarter of &#8364;1.84 billion ($2.7 billion as of Dec. 31, last day of the period reported), up from &#8364;1.27 billion a year earlier.Sales for the quarter rose to &#8364;15.7 billion from &#8364;11.7 billion a year earlier. Growth was dampened by the weakening dollar: at constant currency rates, sales would have grown by 40 percent, the company said.Nokia is counting on its&#160;acquisition of digital mapping data provider Navteq, and its move into the Internet services business, to drive future growth, Chief Financial Officer Rick Simonson said in a conference call with analysts.Basic mobile phones sales now account for less than half the group&#39;s revenue, down from 60 percent a year earlier. Although sales volumes increased, the average selling price of such phones dipped from &#8364;89 to &#8364;83.Around the world, shipments in the quarter increased 26.5 percent, with growth topping 40 percent in Asia. Growth could have been faster were it not for shortages of certain components, Nokia said. Sales fell in North America, Nokia&#39;s smallest geographic market, where shipments dropped 13.6 percent to 5.1 million phones. Nokia blamed the drop on its progressive withdrawal from the market for phones based on CDMA technology, used mainly in North America, to focus on the GSM technology used worldwide.Nokia&#39;s multimedia division saw a 42 percent increase in sales, to &#8364;3.03 billion, and a doubling of operating profit, driven by the success of consumer smartphones such as the N73 and N95, which the company describes as &quot;multimedia computers.&quot; It shipped over 11 million Nseries devices and over 2 million of its Eseries enterprise devices during the quarter.New phones and multimedia devices that began shipping in volume during the quarter accounted for about 30 percent of profits and revenue, said CEO Olli-Pekka Kallasvuo.The company also saw sales more than double at Nokia Siemens Networks, its network equipment joint venture with German conglomerate Siemens.Looking ahead, the company expects mobile phone sales to dip slightly in the first quarter, picking up to grow 10 percent for the full year. It also expects its share of that market to grow, although average selling prices will likely continue to decline, it said.&quot;Much work remains in order to realize our ambitions,&quot; Kallasvuo said. &quot;We will not underestimate the competition.&quot;Nokia will have to address its problems in North America if it wants to increase its share of the mobile phone market further, said Gartner research vice president Carolina Milanesi.The company is working with U.S. operator&#160;Sprint Nextel to build a nationwide WiMax network, but Milanesi does not expect sales of WiMax devices to compensate for the company&#39;s falling CDMA market share during 2008.&quot;It&#39;s not going to happen overnight,&quot; Milanesi said.Simonson found a silver lining to the cloud over Nokia&#39;s performance in North America: with such a small share of the U.S. market, the company has little exposure to the country&#39;s economic troubles.
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Driven largely by gains in its wireless and data businesses, Verizon Communications' revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.
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Samsung Electronics Co. Ltd.'s quarterly  profit jumped 46 percent from a year ago on strong memory chip  earnings, but fell from the previous quarter on sinking prices  of flat screens for TV and computers.
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LONDON, October 14  - Sony Ericsson posted robust profit growth for 3Q04, with the company&#39;s quarterly pre-tax profits more than tripling from the one year ago levels.
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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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U.S. telephone carrier customers of Samsung Electronics saw slowing sales of cell phones towards the end of the 2007 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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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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Mobile phone maker Sony Ericsson posted better-than-expected fourth quarter earnings on Wednesday and said it gained market share in that period and in 2007 as a whole.
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SEOUL LG Electronics, South Korea&#39;s second-largest electronics maker, on Tuesday reported a 36 percent rise in third-quarter profit from a year earlier, better than expected, after selling a record number of mobile phones.
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The company's fourth-quarter earnings beat analyst expectations.
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Strong overseas sales helped offset weakness in the North American market.