Last year, Samsung was hampered by its slowly declining memory chip business, which slowly chipped away at the company's valuation, but analysts believe that the business is close to hitting rock bottom and poised for a turnaround. What's more, Samsung is set for gains because its other two core business: flat screen TVs and mobile phones are growing at a fast clip. According to a report in the Wall Street Journal, Samsung's handset business has taken advantage of Motorola's stumbles and managed to boost sales and widen profit margins to successfully position itself as the number two handset maker in the world behind Nokia. Nokia has been taking it's own steps to solidify its leadership in the sector as its former rival drifts behind: working more closely with U.S. carriers and creating handsets designed specifically for the North American market.
For more on Samsung's predicted growth:
- read this report from the WSJ (sub. req.)