Samsung Electronics said its telecoms sales rose 19% year-on-year in the first quarter of 2011 to 10.64 trillion Korean won (9.96 billion US dollars), driven by a 9% rise in handset shipments to 70 million and an increase in average selling prices. Samsung said that smartphones accounted for 18% of its shipments in the first quarter compared with 14% in the previous quarter.
Samsung said it expects industry handset shipments to rise to 1.5 billion units in 2011 from 1.36 billion in 2010. The Korean company also expects product and price competition in the tablet market to intensify with new model launches. source: Samsung presentation