3GScottishUser
14th April 2007, 11:56 AM
Samsung reported a 1% drop in global revenue from its mobile phone business for Q1 this year, despite selling a record number of units. Margins were down slightly, but global handset sales were up to 34.8 million units, compared to 29 million units for the same quarter last year. Samsung said it hopes to sell a total of 133 million units this year.
Communications equipment analyst at Nomura International, Dr Richard Windsor said: 'They've had an excellent quarter. They've gained market share and although prices fell from $160 (£80) to $130 (£65) margins did not fall nearly as much and they've reported 14% operating margins.'
He added the outlook for the manufacturer remains good. 'They are also doing a lot more with the Ultra Edition range this year which should be positive for both prices and margins. Samsung has done a reasonable job in the first quarter, capitalising on Motorola's woes by attacking them particularity in the high end of emerging markets like China and India.'
He added: 'The other important point to make from Samsung's results is that it is very clear the handset market remains perfectly robust and Motorola's problems are Motorola's own.'
http://www.mobiletoday.co.uk/content/16074.asp?men=2&sub=1
Communications equipment analyst at Nomura International, Dr Richard Windsor said: 'They've had an excellent quarter. They've gained market share and although prices fell from $160 (£80) to $130 (£65) margins did not fall nearly as much and they've reported 14% operating margins.'
He added the outlook for the manufacturer remains good. 'They are also doing a lot more with the Ultra Edition range this year which should be positive for both prices and margins. Samsung has done a reasonable job in the first quarter, capitalising on Motorola's woes by attacking them particularity in the high end of emerging markets like China and India.'
He added: 'The other important point to make from Samsung's results is that it is very clear the handset market remains perfectly robust and Motorola's problems are Motorola's own.'
http://www.mobiletoday.co.uk/content/16074.asp?men=2&sub=1