SEOUL, May 18 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. saw its global market share in the mobile phone sector drop slightly during the first quarter of this year but its shares in the DRAM, TV and display areas improved, a report showed Sunday.
According to the report by Samsung Electronics detailing its business performance for the first quarter, its share in the global mobile phone sector stood at 22.2 percent during the January-March period, down from the previous year’s 22.4 percent. The figure includes sales of smartphones.
Samsung Electronics projected sales of mobile phones will expand 5 percent on-year in 2015 to around 1.9 billion units. Samsung produced 107.5 million mobile phones in the first quarter.
The tech giant maintained its leading position in the global DRAM market.
The report showed that its market share in the memory chip sector came to 43.1 percent in the first quarter. It was higher than the 40.9 percent tailed in 2014.
Samsung expected an overall supply glut in the DRAM market but analyzed that a delay in the development of high performance products by rivals might have resulted in the rise in its market share.
In the display panel market, Samsung also saw its market share increase to 21.8 percent in the first quarter from last year’s 20.9 percent. The hike is thanks in part to its swift response to market demand and its expansion of diverse products that include premium goods, the company said.