Samsung eyes growth in touch phone segment

KOLKATA, INDIA: Mobile phone maker Samsung Electronics is upbeat about the Indian market and hopes to grow over 18 per cent in value terms this fiscal, a top official said Wednesday.

"Last year we registered 18.5 per cent growth in value terms and we're expecting this to be maintained this year as well," Samsung India Electronics director (IT) Ranjit S. Yadav said.

"We would aim at being a strong number two (after Nokia)," he told reporters after launching Samsung's new touch screen mobile phones here.

Yadav said the mobile business of Samsung India had registered 15-16 per cent growth in terms of volume last year.

The total volume of mobile phone market in India is about nine million units per month.

"We intend to grow across all mobile phone segments in the country," he added.

According to Yadav, Samsung's share in the global mobile phone market is more than 20 percent.

"We're expecting the total touch screen mobile phone market will be around 1.8 million this year and the multimedia segment will register a dramatic growth," he said.

Samsung launched 43 new products in 2009 of which 12 were touch screens phones.

©IANS