Samsung issues Q1 earnings guidance

Samsung grows handset shipments 9% in Q1 to 70 mln

Samsung Electronics shipped 70 million mobile handsets in the first quarter, up 9 percent from the year-earlier on continued strong demand for smartphones. While total shipments were down 14 percent from the fourth quarter due to seasonality, smartphone shipments still improved 16 percent versus Q4. Samsung said it saw continued strong sales of its high-end models such as the Galaxy S and WaveII and increased shipments of new mass-market models such as the Galaxy Ace, Galaxy mini and Wave525. The average se