Bloomberg News

Samsung Says It Can Meet Tablet Target Amid Apple Lawsuits

September 26, 2011

(Updates with closing share price in fifth paragraph.)

Sept. 26 (Bloomberg) -- Samsung Electronics Co., the world’s second-largest maker of mobile phones, said it can still meet its target for tablet-computer sales this year even as Apple Inc. seeks to block them in some markets.

The company is on track to raise sales of tablet computers by more than five times this year from 2010 as it planned, J.K. Shin, head of Samsung’s mobile-phone division, said at a media briefing in Seoul today.

Samsung and Apple have been involved in multiple lawsuits around the globe, since Apple claimed in an April lawsuit filed in the U.S. that the South Korean company’s Galaxy devices copied the iPhone and iPad. Apple has blocked sales of the Galaxy Tab 10.1 in Germany, which Strategy Analytics forecasts will be Europe’s third-largest market for touch-screen mobile computers this year.

In Australia, Samsung agreed to push back introduction of the product until the end of this month because of a hearing being held this week. Federal Court Justice Annabelle Bennett may grant a “brief” injunction on sales of the Samsung tablet as she considers arguments from South Korean company and Apple, the judge said today during the first day of a two-day hearing.

Shares of the Suwon, South Korea-based company rose 2.2 percent to 775,000 won at the 3:00 p.m. close in Seoul trading, while the benchmark Kospi index declined 2.6 percent.

World’s Second-Largest

Samsung, which doesn’t disclose how many tablets it shipped last year, probably sold about 1.6 million units of its Galaxy Tab powered by Google Inc.’s Android in 2010, according to an estimate by NH Investment & Securities Co. Samsung was the world’s second-largest tablet maker in the first quarter with a market share of about 16 percent, according to Neil Mawston, a London-based analyst at researcher Strategy Analytics.

Microsoft Corp. on Sept. 13 unveiled a new version of its Windows operating system that can run tablet devices, with a device made by Samsung.

Samsung is also on track to sell more than 300 million mobile phones this year, Shin said. The company sold more than 10 million units of the Galaxy S II, according to a statement yesterday.

The company will start selling smartphones running Microsoft’s latest Windows operating system from the end of October, starting with Italy, Samsung said today in a statement.

--Editors: Garry Smith, Suresh Seshadri.

To contact the reporter on this story: Jun Yang in Seoul at jyang180@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net


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