Samsung and LG rising quickly
Samsung Handset Shipment Expected to Rise 17.6% next year
Tuesday, 06 December 2005
LG Expected to See 30% Increase
Low-cost and WCDMA phone to lead the growth
The next year’s growth of Samsung Electronics and LG Electronics, the third and fourth largest handset makers in the world, was expected to be largely relying on low cost phones and WCDMA phones.
In a recent report, Tongyang Securities, local brokerage firm, predicted that Samsung’s handset shipment next year would rise 17.6% from this year to 120.1m units. LG Electronics was expected to outgrow Samsung, recording 30% up in handset shipment in 2006. It is very encouraging news because global growth rate is projected to be 10% or more
Article courtesy of Telecoms Korea Center (click for full article)
