Qualcomm Inc (QCOM)

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More cell phones sent to Europe

http://joongangdaily.joins.com/200507/13/200507132229473439900090609061.html


July 14, 2005 ? The Korea International Trade Association said yesterday that Korean mobile phone exports to Europe have exceeded exports to the United States for the first time.
From January through May of this year, exports to Europe totaled $3.3 billion, a 60 percent increase from the same period last year.
But Korean cell phone exports to the United States in the first five months of this year declined 20 percent to $2.5 billion.
The trade association said sales of Korean mobile phones in the European market have gone up since telecommunications companies in Europe started servicing the third-generation wideband code division multiple access, also known as WCDMA, late last year.
The association said Korean mobile phones are ahead of their global competitors in WCDMA technology, which allows the users to see their callers through a phone's screen.
Additionally, Korean mobile phone manufacturers have been offering premium mobile phones that have multimedia functions, like high-quality cameras and MP3 players.
Mobile phone exports to the United States fell as orders from major mobile communication companies there have dropped off, the Korean trade association said.
The largest code division multiple access (CDMA) service provider in the United States, Sprint, has reduced its orders of Korean mobile phones recently as it awaits regulatory approval for a merger with Nextel, a cell phone manufacturer, in September.


by Lee Hee-sung, Yoon Chang-hee <[e-mail]>