| 29 Jul 2010 |
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SAMSUNG Announces Mobile Phone Division H1 Results
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29 July 2010
Samsung experienced 62% growth rate in 2009 with even better results expected in 2010
Samsung Electronics Co. Ltd., a leading mobile phone provider, today announced its Egypt H1 2010 growth figures for the Mobile Phone Division. The results were announced at the Samsung Mobile Workshop which also witnessed the launch of Samsung's latest mobile phone offerings to Egypt including the Samsung Wave (model: S8500) and Samsung Champ (model: GT-C3300K). The Champ is Samsung's most affordable touch screen phone designed for mobile users in developing regions who want an immersive experience with value-added features at a great price. The Samsung Wave is the first mobile handset to be released on Samsung's new, open mobile platform, Samsung bada, and is the cornerstone of the company's commitment to provide a smartphone for every lifestyle.
In 2009, the company's Mobile Phone Division experienced a quantity growth rate of 62% from 2008 levels. Samsung anticipates even better results in 2010 with growth projected at above 70%. This is in line with the Korean-based company's goal of doubling its market share in Egypt by the end of 2010.
"Egypt is an important market for Samsung. We've undertaken in-depth market research in order to identify the best products for the unique requirements of Egyptian consumers and have consistently introduced innovative technology to the market," said Mr. Duke Park, General Manager, Samsung Cairo Office. "As a leading mobile phone provider, our goal is to provide consumers in every market with the opportunity to purchase high-quality, durable mobile phones that meet their needs."
Samsung has developed a smart market strategy that focuses on all segments as a means to showcase the company's diverse, affordable mobile phone offerings. It will seek greater penetration across Upper Egypt and Delta as a means to help increase market share, while promoting its most durable, feature-packed mobile phones. In addition, Samsung will continue to provide even more advanced Samsung mobiles in the Egyptian market, including rich features, enhanced connectivity, and more cutting-edge innovations.
"It's clear that the Egyptian market offers diverse segmentation opportunities for our dynamic products," said Mr. Mostafa Aboul Fotouh, Head of Mobile Division, Samsung Cairo Office. "We've developed a market strategy that allows us to cater to each and every consumer in Egypt, whether they're looking for a basic handset with core features or the most technologically-advanced mobile in the market; Samsung offers options to all consumers throughout the entire country."
One way in which Samsung is seeking to expand its local market share is through an intensive channel empowerment program. The Samsung-exclusive program provides mobile phone distributors with Samsung signage and other branding materials as a means to help boost sales and raise awareness of the brand. The program has grown by 92% since 2009 to reach a total of 623 shops.
Samsung has continued to invest in the Egyptian market despite the global economic downturn, by regularly launching new products across all divisions and comprehensive dealer incentive programs. In addition, the company has expanded its retail activities including category launches for dual-sim mobiles and messaging phones, discount promotions, holiday promotions, mobile replacement campaigns and leveraging Samsung's sponsorship of the Africa Cup of Nations.
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About Samsung Electronics Co., Ltd
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164,600 people in 179 offices across 61 countries, the company consists of seven independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
Mona Seif
Amany Aboul Fetouh
Trans - Arabian Creative Communications (TRACCS)
28 Wadi El Nile Street
Floor 1, Suite 2
Mohandiseen, Cairo, Egypt
Tel: +20.23.304.6860
+20.23.304.6870
E-mail: mona.seif@traccs.net
E-mail: amany@traccs.net
© Press Release 2010
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