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Thread: Samsung is Numero Uno in World Mobile Market

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    Thumbs up Samsung is Numero Uno in World Mobile Market

    Samsung Electronics' earnings hit another record in the first quarter, with W45.27 trillion in sales and W5.85 trillion in operating profit (US$1=W1,135), a spokesman said Friday. The mobile phone division made an operating profit of W4.27 trillion, up a staggering 193 percent from a year earlier, on the strength of smartphones like the Galaxy S2.

    Samsung ranked first in the global mobile phone market in the first quarter by selling a total of 93.5 million smartphones, outperforming Nokia’s 82.7 million, according to market researcher Strategy Analytics. Samsung took the largest global smartphone market share in the third quarter last year. This is the first time that the Korean electronics giant grabbed first place in the overall mobile phone market.

    Samsung took a 25.4 percent market share worldwide in the first quarter this year, followed by Nokia (22.5 percent) and Apple (9.5 percent). Nokia had the largest market share for the last 14 years, but credit rating agency Standard & Poor's last Friday downgraded Nokia's rating by one notch from "BBB-" to "BB+," the non-investment grade.

    Samsung also crossed the W200 trillion mark in market capitalization as its stock price hit a new high that day. Its market capitalization amounted to W202.39 trillion, 20.43 percent of the combined market capitalization of 200 KOSPI-listed companies or equivalent to the combined worth of Hyundai Motor (5.79 percent of the total market capitalization), POSCO (3.33 percent), Kia Motors (3.30 percent), Hyundai Mobis (2.94 percent), Hyundai Heavy Industries (2.21 percent), and Samsung Life Insurance (2.01 percent).

    A Samsung spokesman said, "We expect a strong performance in the second quarter as well thanks to the London Olympics and the release of new products."

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