Samsung Electronics said it expects global demand for handsets to be flat or see a marginal increase in the second quarter of 2009 compared with the first quarter. The company is predicting industry handset shipments will be down between 5% and 10% in the whole of 2009 from the 1.2 billion units shipped in 2008.
After reporting a 30% year-on-year increase in consolidated revenues for its telecommunications division to 9.77 trillion Korean won (7.3 billion US dollars) for the first quarter, Samsung believes it will again outperform the market in the second quarter. It expects its handset division to benefit from rising demand for touch-screen smart phones and its networks division to benefit from the expansion in mobile WiMAX services in Japan and the U.S. source: Samsung presentation
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