Samsung predicts higher global mobile phone sales

Samsung, the Korean electronics giant has re-assessed its predictions for global mobile phone sales this year.

The president of Samsung’s telecommunications networks business Lee Ki-tae, told a news conference at the Samsung 4G Forum: “At first we expected some 900 million (handsets) in sales this year, now it looks like 950 million”. Samsung’s last prediction in July outlined 910 million as the likely total for global mobile phone sales.

Lee went on to state that Samsung was optimistic about hitting their own target of 115 million mobile phones sold this year “without problem” but admitted that market share has become an issue in the mobile phone market. Samsung has seen its market share decline in April-June, trailing behind Nokia and Motorola, with handset sales falling from the previous quarter in contrast with Motorola who enjoyed booming sales with its RAZR mobile phone.
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