Samsung results to shine in Q1 2009?
Amid worldwide doom and gloom in mobile handset markets, we may have a ray of sunshine soon.
With everyone from Nokia, to Sony Ericsson and Motorola reporting drops in mobile shipments, multi-thousand layouts and losses in hundreds of millions, Samsung seems set to report a pretty good Q1 results.
At least that’s what Korea brokerage research firm Woori Investment&Securities tells us.
Though Samsung promised 10-15% decline in handset shipments for this year, in the first quarter they seem to have done better job then expected, and should sell 46.3 million devices, which is the same amount they did in Q1 last year.
It should help them increase their global market share to 19% from 18% last quarter and 14.1% in Q1, 2008, if the forecasts of 14% drop in overall global handset sales to 243 mil. units pan out.
Samsung’s success has been attributed to the rising smartphone sales and improvements in European and Chinese markets. They also helped to increase average selling price for Samsung phones and restore healthy 7.4% operating margin for mobiles.
Way to go, Samsung.
Just keep in mind that these figures are not official and come from a third party brokerage research.
Via Telecoms Korea (Subscription required)