Samsung to concentrate on profit rather than handset volume

At the CES in Las Vegas, Samsung CEO Choi Gee-sung told Reuters that increasing profitability is the Korean manufacturer's new number one target. Just the day before, the executive said that Samsung plans on becoming the world's number one handset maker this year to break Nokia's 14 year reign on top. Gee-sung said that Samsung has topped Nokia in terms of revenue, will probably top the Finnish based firm in terms of volume shipped this year, but trails other companies when it comes to profits. "Our target should move on to this," Choi said. In the third quarter of last year, Samsung became the top smartphone manufacturer and is building on the success of its well-received Samsung Galaxy S I... »read more

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