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Technology Stocks : OmniVision Technologies (OVTI) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (883)	12/27/2004 10:26:48 PM
From: Brian	Respond to of 2273

Ya gotta love this from Korea: By Kim Tae-gyu Staff Reporter Those who want to purchase a cell phone without built-in cameras will have a hard time next year as camera phones will make up 99 percent of local sales. The nation's handset manufacturers said Monday local sales of camera phones rocketed from 1.3 million in 2002 to 7.1 million last year. The figure is projected to reach 13 million this year and 15 million for 2005. As a result, the camera-embedded phones will capture 51 percent of the market in 2003, up from 8 percent in 2002. The ratio is forecast to further jump to 81 percent this year and 99 percent for 2005. ``Today, a camera is a must-have function in cell phones in Korea. The high penetration ratio of camera phones will be hard for other nations to replicate for the time being,'' a Seoul analyst said. According to the U.S.-based market researcher Gartner Dataquest, the portion of camera phones will stand at 26 percent this year and 40 percent for 2005. Backed by Koreans' relentless craze for high-end phones, local vendors are also gaining more ground in global competition. Strategic Analytics said Japanese giant NEC carved out 15.5 percent of the 77.9-million camera phone market last year followed by Nokia's 13 percent and Samsung Electronics came in at third with about 10 million sales for 11.8 percent. However, Samsung is likely to more than triple its camera phone shipments to 35 million units this year to climb at least a notch in the global standings, according to Daishin Securities analyst Lee Young-yong. The company also has a good growth potential with cutting-edge technologies as amply demonstrated by its world's first 5 mega-pixel phone unveiled last month. times.hankooki.com