Samsung Electronics Co is expecting better profit margins from Mobile phones in the current quarter on strong sales of smartphones and expects global handset market growth to come in below 10% next year.
The company still has a few weeks to go to wrap the current quarter but the overall direction of telecom profit margins will be upward and it'll be better than the third quarter, although it won't be a sharp improvement, according to J.K. Shin, President of Samsung's telecom division.
Shin expected the global handset market to grow less than 10% next year but shipments of smartphones would exceed the overall mobile industry's growth rate. Samsung, a laggard in the booming smartphone industry,  it had sold 5 million units of "Wave" smartphones based on its own proprietary operating system called bada and plans to sell another 5 million units of the series in the next six months.
The mid-ranged priced model is aimed at sharply boosting overall smartphone shipments of Samsung, which nearly tripled its market share to around 9% to become the world's No.4 smartphone producer last quarter on robust sales of Wave and Galaxy S models.

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