Samsung will overtake Nokia

Samsung's CEO, Lee Kunhee, claims his company will be the world's largest mobile phone supplier by 2010, overtaking Nokia. Kunhee said that Samsung will outperform its own sales targets this year by 2.5m units and will generate $25bn a year from handsets by 2010. The company believes it can take advantage of close relationships with operators in the most advanced mobile markets, including its own South Korea, and of the backlash of some large operators, notably Vodafone, against the dominance of Nokia. Vodafone is to work with Samsung and Sharp for its 3G launch. Samsung's market share has risen from 9.8 per cent last year to 11.2 per cent for the first nine months of 2003, but this is still well behind Nokia's 34 per cent, which it aims to boost to 40 per cent in the next few months on the back of a raft of new launches. __________________ Dream on Nokia with your 40 per cent barrier. __________________ 40% is unlikely but not out of the question 37% or 38% is more likely __________________ Problem is everyone is wants their business to be the biggest and the best and make predictions based on that. For example lastminute.com said they would be the biggest seller of holidays by 2005, and they are not(and are highly unlikely to be). So take business confidence with a pinch of salt and see what happens. And no i'm not a fanboy of either make or model.