Samsung Tops $200 Billion Market Capitalization

on Dec 7, 2012
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On Friday 7 December news agency Bloomberg reported that Samsung Electronics’ market value (KSX:005930) surpassed the $200 billion (£125 billion) mark for the first time ever. Shares in the tech giant rose by 1.79 percent closing at 1,480,000 Korean won on investors’ confidence that earnings will continue to climb next year.

The MSCI Emerging Markets/Information Technology Index also recorded noteworthy gains advancing by 1 percent to 270.86 at 12.15 PM in Hong Kong and heading for the highest close since 12 April, 2000. This is the third consecutive week in which tech stocks from emerging markets are seeing their stock prices rise. With yesterday’s data showing American jobless claims in November lower than expected, the stocks received yet another boost on the prospects of strong exports to the US. There’s “hope that overall consumption, that consumer behavior next year will improve,” Geoffrey Ng, chief executive of Hong Leong Asset Management, told Bloomberg in a phone interview. Samsung “has managed to retain their overall competitiveness.”

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So far this year the MSCI Emerging Tech index has risen by 26 percent becoming the second-best performer among 10 industries with health care claiming first place. Samsung has seen its share price rise by 41 percent, SK Hynix (KSX:000660), a memory-chip maker, by 18 percent and Chimai Innolux (TT:3481), Taiwan’s largest panel maker, by 20 percent.

**Galaxy SIII Dominates British Smartphone Market**
The Telegraph reported today that Samsung dominated the smartphone market in Britain in November with its devices occupying five out of ten positions in the monthly uSwitch.com Mobile Tracker Chart. According to the newspaper, the most popular model is the Galaxy SIII while second and third place are claimed by Apple’s devices (NASDAQ:AAPL). Surprisingly the iPhone 4S is still more popular than the iPhone 5, which is probably due to the fees mobile carriers charge for contracts. On the Vodafone network a client has to pay £47 a month to get the iPhone 5 for free, while the iPhone 4S costs £42 a month. Smartphone users in Britain appear unconvinced there is enough added value in the new iPhone with its larger screen and improved camera.

!m[Galaxy SIII Remains Britain’s Favourite Smartphone in November, Patent Battle in the US Continue](/uploads/story/985/thumbs/pic1_inline.png)Other popular Samsung smartphones in the top ten list of the Mobile Tracker Chart include Galaxy SII,
Galaxy Ace II, Galaxy Ace and Galaxy Note II. “The affordable price point has kept the Samsung Galaxy S3 at the top of the tree, but whether it will be at the top of the Christmas tree remains to be seen, as price drops for both the 4S and 5 have seen the iPhone quickly gaining ground” opined Ernest Doku, telecoms expert at uSwitch.com.

**Samsung and Apple in Court**
On Thursday there was once again a heated court battle between the two tech rivals – while Apple is still pursuing an injunction on US sales of Samsung devices, the Korean company insists the imposed in August $1 billion (£623 billion) fine should be reduced by more than $600 million (£374 million).
According to the Financial Times, Judge Koh asked both parties when they intend to end their patent dispute, a remark which was met with laughter from the public gallery. “I’m not joking . . . I’ve said this all along. I think it’s time for global peace . . . If there is any way this court can facilitate some sort of resolution, I’d like to do that. I think it would be good for consumers and good for the industry.” the judge responded. The two companies however show no signs of willingness to bury the hatchet.

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