Mobiles market polarising
(Guardian (UK) Via Acquire Media NewsEdge) The smartphone market is continuing to polarise as South Korean manufacturer Samsung forecast it was heading for record quarterly profits while Taiwanese rival HTC reported its first quarterly loss since 2002.
As HTC made an operating loss of 3.5bn Taiwanese dollars (pounds 73m) after sales fell a third to NT$47.05bn (about pounds 1bn), analysts warned that the company needs to find a partnership or merger as it is squeezed out of the high-end market by Samsung and Apple and sees margins hit by low-end Chinese handset makers.
Samsung Electronics, which makes memory chips, hard drives, cameras and TVs as well as smartphones and tablets, said it expects an operating profit of 10.1tn won (pounds 5.9bn), up 25% from 2012.
Samsung's profit was helped by sales of memory chips, which were boosted after a fire at the factory of Chinese rival SK Hynix, the world's second largest chipmaker. Analysts said the high end of Samsung's smartphone business is slowing.
(c) 2013 Guardian Newspapers Limited.
[ Back To Technology News's Homepage ]