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  5. Samsung defies slowdown in mobile phone market

Samsung defies slowdown in mobile phone market

Samsung’s mobile phones division has defied the slowdown in demand for new handsets to post a rise in first-quarter profits.

The mobile phone segment of Samsung has announced a two per cent increase in profit to 940 billion won for the period ending March 31st.

Samsung’s strong performance comes against a backdrop of rapidly falling demand for handsets, which has heavily impacted on some rival phone manufacturers.

Nokia recently announced a 90 per cent fall in profits for the first quarter of the year, citing destocking issues as the driving factor behind the decline.

Samsung is planning a range of mobile phone launches this year, including a new entry into the market for rugged phones, the Xplorer B2100.

Projected strong sales for Samsung Lucido and the Samsung Tocco Ultra are expected to help the South Korean company to a positive showing in the second quarter.

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