June 13, 2011 (LBO) – Korea’s Samsung has taken the lead in Sri Lanka’s ‘smart phone’ and screen phone market, winning a share of between 35 to 40 percent, country manager Shankar Nayaran said. Sri Lankans are estimated to buy around 120,000 phones a month, or about 1.4 million phones a year, he said.
Samsung has launched its ‘SmartTV’ brand in Sri Lanka. Samsung is a global leader in flat screen technology.
Founded in 1970, Samsung now has 135.8 billion dollars in global revenues and has a presence in 68 countries.