4/24/2009 11:53:00 AM
Samsung Mobile defies economic downturn
Samsung’s mobile division has defied the economic slowdown with a 2% increase in its average selling price in the first quarter of this year.
The electronics company reported its results for the first quarter ended 31 March today (24 April).
Mobile revenues dropped by 4% on Q4 but were up by 36% year-on-year to KRW 6.3 trillion (£3bn). Revenues grew 34% year-on-year and 4% quarter-on-quarter to KRW 8.06 trillion (£4.7bn) overall in Samsung’s telecoms division.
The company’s handset shipments fell by 1% year-on-year and the manufacturer is expected to outperform the market in the second quarter.
The total mobile phone market is expected to retract by 10% in 2009 from 1.2 billion shipments last year.