New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
The telecommunication networks division at Samsung Electronics, which makes mobile phones as well as network hardware, led the company sales charge in 2002, notching a 37 percent dollar gain for the 12 months, to $10.6 billion. In the same period, the telecommunication segment earned $2.6 billion.
In contrast, Samsung's digital media division, which makes consumer electronics and computers, rang up $8.5 billion in sales during 2002. Earnings for this division over 12 months, at $330.1 million, were far less than mobile phones.
In the fourth quarter, sales for telecommunications hit $2.9 billion, with operating income of $599.9 million. In the CE segment, sales reached $2.1 billion, but the division posted an operating loss of $25.7 million.
Overall annual sales at Samsung Electronics climbed 25 percent, to $34.7 billion, compared with $27.7 billion in 2001. Net income for the 12 months was reported at $6 billion, up from $5.1 billion the previous year.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.