Korean vendors trim handset shipment goal for 2009, says report

Due to the global economic downturn, Korean handset vendors Samsung and LG Electronics (LGE) are reportedly trimming their global handset shipment goal for 2009, and while some market watchers expect Taiwan small- to medium-size LCD panel makers to experience related shipment drops, Giantplus Technology believes its shipments will not suffer, according to Chinese-language Apple Daily report.

The report indicated that Samsung has trimmed its global handset shipment goal by 8% to 222 million units, while LGE has cut its shipment goal by 12% to 119 million units.

However, Taiwan-based LCD panel maker Giantplus Technology, indicated that the effects of the lower handset shipment goals will probably be felt most in the higher-end segments, and the company has in fact seen increased shipments to LGE for its color STN LCD panels, which are targeted for entry-level handsets, according to the report.