Samsung Sees Strong Growth in Global Cell Phone Market

6:30 am on September 1, 2006 | Category: Business, Cell Phones, Mobile Devices

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The world’s #3 handset manufacturer, Samsung Electronics Co., is predicting better-than-expected industry-wide cell phone sales this year, but admits that it is falling behind some competitors in terms of market share.

“At first we expected some 900 million in sales this year, now it looks like 950 million,” said Samsung executive Lee Ki-tae, at the sidelines of the firm’s recent 4G Forum.

Lee went on to say that Samsung would attain its annual sales target of 115 million handsets “without problem,” but conceded that the firm is still trailing Motorola Inc. in terms of total revenue growth.

To correct this issue, Samsung has released a number of super-slim cell phones in the past few months, hoping to compete with Motorola’s extremely popular RAZR handset. So far, however, the Korean manufacturer has been unable to pose any real threat to its U.S.-based rival.

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    Published by TeleClick Enterprises
    Edited by Jeremy Maddock