SINGAPORE (AP) — Samsung Electronics Co. remains optimistic about its handset sales business in 2008 and is not interested in Motorola's mobile unit, a top Samsung executive said Tuesday.
Choi Gee-sung, president of Samsung's telecommunications division, said during an interview with CNBC that Samsung was not interested in acquiring Motorola's handset business because the South Korean company's handset division already has a strong presence in the United States.
''Our market share in the States represents around 20 percent to 25 percent,'' Choi said. ''We don't need to consider acquisition of any others.''
Choi also said the company expects strong handset sales in 2008 despite growing fears of an economic slowdown.
Consumers in emerging markets like the Middle East and Eastern Europe, as well as in Korea, China and India, have not been as worried about a recession as people in the U.S. and developed European markets, he said.