Samsung's annual sales volume in China jumps to over US$14 billion

The South Korean company said that it is ready to expand its lead in the consumer electronics sector this year and that it will also boost its business-to-business units.

“Last year, we registered the best-ever performance as the world's largest consumer electronics maker, and China is becoming one of the most important markets for Samsung,” said Park Jae-chun, chief executive officer of Samsung Greater China.

In 2012, the company grabbed the top market shares in the mobile, display and flat-panel TV sectors in China, said Park.

Data from research company Strategy Analytics showed that — for the first time ever — Samsung topped China's smartphone market in 2012, with its sales nearly tripling year-on-year.

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