Samsung not interested in buying Motorola's mobile unit
Samsung Electronics Company remains optimistic about its handset sales business in 2008 and is not interested in Motorola's mobile unit, a top Samsung executive said on Tuesday.
By Agencies |
SINGAPORE: Samsung Electronics Company remains optimistic about its handset sales business in 2008 and is not interested in Motorola's mobile unit, a top Samsung executive said on Tuesday.
Choi Gee-sung, president of Samsung's telecommunications division, said during an interview that Samsung was not interested in acquiring Motorola's handset business because the South Korean company's handset division already has a strong presence in the United States.
``Our market share in the States represents around 20 per cent to 25 per cent,'' Choi said. ``We don't need to consider acquisition of any others.''
Choi also said the company expects strong handset sales in 2008 despite growing fears of an economic slowdown.
People in emerging markets like the Middle East and Eastern Europe, as well as in Korea, China and India, have not been as worried about the prospect of a recession as people in the US and developed European markets, he said.
Samsung said earlier this year it targets selling more than 200 million handset units this year, up from 161 million in 2007.
Choi Gee-sung, president of Samsung's telecommunications division, said during an interview that Samsung was not interested in acquiring Motorola's handset business because the South Korean company's handset division already has a strong presence in the United States.
``Our market share in the States represents around 20 per cent to 25 per cent,'' Choi said. ``We don't need to consider acquisition of any others.''
Choi also said the company expects strong handset sales in 2008 despite growing fears of an economic slowdown.
People in emerging markets like the Middle East and Eastern Europe, as well as in Korea, China and India, have not been as worried about the prospect of a recession as people in the US and developed European markets, he said.
Samsung said earlier this year it targets selling more than 200 million handset units this year, up from 161 million in 2007.
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