Taiwan's Synnex to sell Nokia mobile phones in China
TAIPEI, July 30 (Reuters) - Synnex Technology International Corp. (2347.TW: Quote, Profile, Research), Taiwan's top electronics distributor, said on Monday its wholly owned unit in China had obtained rights to sell Nokia's (NOK1V.HE: Quote, Profile, Research) mobile phones on the mainland.
"China is a huge market for us, and acquiring this right will allow us to see a rise in our sales, especially starting from next year," said John Kuo, director of Synnex's planning and management division.
Nokia currently has a 35 percent share of China's mobile phone market in which around 150 million handsets were sold last year, said Kuo, who gave no financial forecasts and other details.
Five analysts surveyed by Reuters Estimates expect the company to garner consensus sales of T$199.8 billion ($6.09 billion) in 2008, up 17 percent from T$171.2 billion projected for 2007.
Synnex shares ended up 4.0 percent to T$65.00 on Monday, outperforming the benchmark TAIEX <.TWII>, which declined 0.98 percent
source
"China is a huge market for us, and acquiring this right will allow us to see a rise in our sales, especially starting from next year," said John Kuo, director of Synnex's planning and management division.
Nokia currently has a 35 percent share of China's mobile phone market in which around 150 million handsets were sold last year, said Kuo, who gave no financial forecasts and other details.
Five analysts surveyed by Reuters Estimates expect the company to garner consensus sales of T$199.8 billion ($6.09 billion) in 2008, up 17 percent from T$171.2 billion projected for 2007.
Synnex shares ended up 4.0 percent to T$65.00 on Monday, outperforming the benchmark TAIEX <.TWII>, which declined 0.98 percent
source
Posts
No comments: