South Korean Handset Makers Book Record Third Quarter Sales
sg.news.yahoo.com
Tuesday October 7, 10:44 AM
SEOUL, Oct 7 Asia Pulse - South Korean mobile phone makers are poised to report their largest-ever sales in the third quarter, which ended on September 30, according to preliminary reports compiled from each manufacturer.
The reports showed Samsung Electronics Co. (KSE:05930), the world's third-largest handset vendor, probably sold more than 15 million mobile phones worldwide for the quarter, up 28 per cent from the same period a year ago.
Led by robust demand both at home and abroad, Samsung, known for its sleek color screen phones, is expected to sell 55 million cell phones for the full year in 2003, outpacing its initial target of 52.5 million units.
Mobile phone sales of LG Electronics Inc. stood at more than 7 million for the third quarter, compared with 4.25 million a year ago.
The world's sixth-largest handset maker sold 5.3 million phones during the second quarter this year.
LG Electronics, the flagship of South Korea's LG Group, aims to boost handset sales by 43 per cent this year to 23 million units, building on the 58 per cent growth it posted last year.
The company has targeted the Chinese and Indian markets with its latest handset designs and brand image.
Other, smaller companies such as Pantech & Curitel Co. and Telson Electronics Co. are expected to post record sales after signing a slew of shipment contracts with American, Asian and European distributors.
The sharp increase was led by growing demand in North American, European and Asian markets and recovery in local consumption, the reports said.
(Yonhap) |
