By Allen Tsai | Fri Jan 29, 2010 4:21 am |
Samsung turned to a profit in the fourth-quarter and said it plans to focus on touch screen devices and smartphones amid a rapidly recovering handset market.
The South Korean company reported a profit of $2.6 billion in the last three months of 2009, swinging from a loss of $14.4 million a year earlier. It sold a record 69 million handsets in the period, up 31 percent from 52.8 million a year ago, for a total of 227 million units shipped in 2009.Rivals Apple, LG Electronics, Nokia, Motorola and Sony Ericsson all posted similar results as shipments in the handset industry rose an estimated 10 percent, the first gain since the third quarter of 2008, fueled in part by cheap credit and falling handset prices. Signaling an end to the industry's year-long recession, companies caught off guard are now rushing to increase capacity after running down their inventories last year. With phones sales now projected to rise 10 percent in 2010, Samsung said it will focus on mid- and high-end touch screen devices and smartphones. But the company faces increasingly tough competition from established smartphone players Apple and Research in Motion, challengers LG and Motorola -- each planning to release 20 smartphones this year -- and newcomer Google, which launched its Nexus One smartphone earlier this month. While Samsung has about 20 percent of the handset industry, second only to Nokia, it only has a mere 3 percent of the smartphone market share.
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Thu Feb 09, 2012 12:41 pm | By
Apple may shift litigation strategies, attacking the process of "copying" rather than products, after losing a critical patent battle to Samsung in Germany, raising questions of the iPad maker's costly and aggressive tactics.
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Mon Feb 06, 2012 12:09 pm | By
Samsung's ultra-slim Galaxy S3's sleeker design and other rumored features could directly compete with Apple's iPhone 5 when released this spring.
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Fri Feb 03, 2012 11:53 am | By
Apple is widening its patent case against Samsung in Australia, suggesting the lawsuit between the two competitors is going to intensify before any resolution.
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Wed Feb 01, 2012 4:00 pm | By
Samsung will delay the release of the Galaxy S3 smartphone until later this year, banking on the success of current offerings to produce strong sales well into 2012.
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Tue Jan 31, 2012 2:21 pm | By
The European Commission is investigating whether Samsung's use of patents to sue Apple breaks EU antitrust rules, a development that may put the company's expanding cases and other companies' court actions in jeopardy.
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