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Samsung Claims It Has Sold 300 Million Handsets In 2011

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By Douglas A. McIntyre Published
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Samsung may be gaining rapidly on global handset market leader Nokia (NYSE: NOK), which has been beaten at every turn in the smartphone business. The South Korean company said it will sell 300 million handsets this year, up from 280 million last year

According to Reuters,

“We look forward to extending this success going into 2012,” JK Shin, President and Head of Samsung’s Mobile Communications Business, was quoted as saying.

Samsung’s advantages has been driven to some extent by its highly popular Galaxy line of smartphones, the brand of which has been moved to its tablets. Samsung has also launched products which will work on the 4G superfast broadband networks. Other rival, particularly Apple (NASDAQ: AAPL) have not entered this segment.

The largest obstacle to Samsung’s success may not be the models which its competitors sell. Samsung has been locked in a series of IP disputes with Apple. Apple has successful block sales of some Samsung products in Apple, although Samsung had the legal block to that removed–at least temporarily. Apple has challenged Samsung’s right to sell its smartphones in other markets as well.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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