UPDATE 1-Samsung, LG jump on new products, market share hope

Sun Feb 13, 2011 9:31pm EST

 * Samsung unveils new smartphones, tablet
 * Nokia-Microsoft deal to help rivals win share: analysts
 * Samsung up 3.6 pct, LG Elec up 4.5 pct
 (Adds details)
 SEOUL, Feb 14 (Reuters) - Shares in Samsung Electronics
(005930.KS) and LG Electronics Inc (066570.KS) rose more than 3
percent on Monday following new mobile product launches and hopes
for steady market share gains.
 Nokia (NOK1V.HE), the world's top handset maker, teamed up
with Microsoft Corp (MSFT.O) on Friday, raising prospects that
Apple APPL.O and vendors using Google Inc's (GOOG.O) Android
system may gain further market share. [ID:nLDE71A0DG]
 "People had expected Nokia to fight back but the alliance
won't be able to help Nokia rebound strongly. It will rather
further consolidate the current trend of Android vendors gaining
more market share," said Park Young-joo, an analyst at Woori
Investment & Securities.
 By 0220 GMT, shares in Samsung, the world's No.2 handset
maker, jumped 3.6 percent after a five-session losing streak, and
LG, the world's No.3, climbed 4.5 percent.
 Samsung was also helped by the launch of its new smartphone
and a tablet, both running on the Android platform, on
 "The new Galaxy Tab came out with a larger screen and better
processing power than the previous one. It's probably the only
tablet PC out there that can compete with Apple's (AAPL.O) iPad,"
said Jeff Kang, an analyst at Daishin Securities.
 Android dethroned Nokia's Symbian as the global leader in
smartphone software during the last quarter of 2010, ending a
reign that began with the birth of the industry a decade ago.
 In 2010, Microsoft only had a 4.2 percent share of the global
smartphone market, trailing Apple with 15.7 percent, Research in
Motion with 16 percent and Android with 22.7 percent, according
to research firm Gartner.
 "Nokia joining hands with Microsoft just proves how desperate
it is now. It will take a bit of time for Nokia to unveil a
product out of this alliance...Investors are increasingly viewing
Samsung as the next one in line (to reign) over the handset
realm," said Lee Jeong, an analyst at Eugene Investment &
 (Reporting by Miyoung Kim and Jungyoun Park; Editing by
Jonathan Hopfner)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.