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Samsung warns mobile market is waning

Samsung is echoing the world economic status, who understands the new year will usher in tough times. Samsung spokesman James Chung noted that the actual global market growth on a unit basis could come short of Samsung’s initial forecast for 9% growth

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Samsung warns that the handset market ain’t what it used to be

Filed under: Handsets, Misc Echoing sentiments ’round the globe is Samsung, who evidently understands that Q4 and beyond will be much tougher for handset makers than in quarters past. According to spokesman James Chung, “the actual global market growth on a unit basis could come short of [Samsung’s] initial forecast for 9% growth (in 2008),” and [...]

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Samsung warns a slowdown in mobile handset market in 2008 & 2009 (Korea)

Samsung has forcasted and warned a slowdown in growth of the mobile phone market in 2008 and 2009. “The actual global market growth on a unit basis could come short of our initial forecast for 9% growth (in 2008),” said James Chung, a spokesman for Samsung. “As for next year, it is possible that the [...]

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Samsung warns that the handset market ain't what it used to be

Filed under: Handsets , Misc Echoing sentiments 'round the globe is Samsung, who evidently understands that Q4 and beyond will be much tougher for handset makers than in quarters past. According to spokesman James Chung, "the actual global market growth on a unit basis could come short of [Samsung's] initial forecast for 9% growth (in 2008)," and "as for next year, it is possible that...

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Samsung Feeling Effects Of Cellphone Market Crunch

In the newest indicator that weaker consumer confidence is hitting the world's wireless sector, Samsung Electronics on Monday sent out a warning over cellphone market growth this year and next.James Chung, a spokesman for Samsung, said the actual global market growth on a unit basis could fall short of the company’s initial forecast for 9 percent growth (in 2008)."As for next year, it...

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Samsung Warns Global Handset Sales To Fall

Another handset maker, another warning about growth in cellphone sales. Samsung said today that worlwide market growth on a unit basis "could come short of our initial forecast for 9 percent growth" in 2008, according to Reuters . James Chung, a spokesperson for the Korean electronics giant, told the newswire that for 2009, it was "possible" that the market could "post a single digit...

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NEWS: Samsung suffering in economic slowdown

Samsung is warning that the growth of the mobile phone market is going to be slow this year and next. "The actual global market growth on a unit basis could come short of our initial forecast for 9% growth (in 2008)", James Chung, a spokesman for Samsung, told Reuters. "As for next year, it is possible that the market could post a single-digit or even negative growth", Chung added....

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Cellphone market gloom spreads to Samsung

... growth on a unit basis could come short of our initial forecast for 9 per cent growth (in 2008)," James Chung, a spokesman for Samsung, told Reuters."As for next year, it is possible that the market could post a single-digit or even negative growth," Chung added.Samsung's gloomy outlook echoed the warning issued on Nov. 14 by top handset maker Nokia Oyj that the world's mobile...

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Samsung: cellphone market plunge in 2009

... market conditions. This growth could slow further or even reverse in 2009, company representative James Chung says. Such predictions echo rival phone producer of a similarly tough economic situation that will force companies to compete for existing users rather than continuing to expand the market.A sustained decrease is expected to have a ripple effect on pricing for the cellphones...

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Handset Market Decline May Soon Affect Carriers

... the 9 percent growth it anticipated for 2008 back in June, and pointed to a lackluster 2009. James Chung, a spokesman for Samsung, told Reuters the electronics giant was looking at single-digit or (the mathematically impossible) "negative growth" for next year. This follows Nokia's grim update earlier this month in which the world's No. 1 handset maker predicted a sales slowdown....

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Samsung Elec: Handset growth could fall short

... market growth on a unit basis could come short of our initial forecast for a 9 percent growth," James Chung, a spokesman for Samsung, told Reuters. "As for next year, it is possible that the market could post a single-digit or even negative growth," Chung added. Samsung's gloomy outlook echoed the warning issued on Nov. 14 by top handset maker Nokia Oyj (NOK1V.HE: , , ) that...

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Samsung won't acquire SanDisk

... Suwon, South Korea-based Samsung had said the offer was "full and fair." Samsung spokesman James Chung said Wednesday that a deal could still be done. "The point is at the moment SanDisk has been reluctant to begin serious discussion about the M&A issue," he said. SanDisk is the world's largest supplier of flash storage card products. Samsung is the world's largest manufacturer of...

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Samsung withdraws SanDisk bid

... Suwon, South Korea-based Samsung had said the offer was "full and fair.''Samsung spokesman James Chung said Wednesday that a deal could still be done."The point is at the moment SanDisk has been reluctant to begin serious discussion about the M&A issue," he said.SanDisk is the world's largest supplier of flash storage card products. Samsung is the world's largest manufacturer of NAND...

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Samsung withdraws bid to acquire SanDisk

... Suwon, South Korea-based Samsung had said the offer was "full and fair."Samsung spokesman James Chung said Wednesday that a deal could still be done."The point is at the moment SanDisk has been reluctant to begin serious discussion about the M&A issue," he said.SanDisk is the world's largest supplier of flash storage card products. Samsung is the world's largest manufacturer of NAND...

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Samsung withdraws bid to acquire SanDisk

... Suwon, South Korea-based Samsung had said the offer was "full and fair."

Samsung spokesman James Chung said Wednesday that a deal could still be done.

"The point is at the moment SanDisk has been reluctant to begin serious discussion about the M&A issue," he said.

SanDisk is the world's largest supplier of flash storage card products. Samsung is the world's largest...