Shipments of smartphones from Foxconn International Holdings (FIH) and Compal Communications in 2010 will be much lower than market expectations due to slow sales of Palm's Pre and Pixi series smartphones, the Chinese-language Commercial Times quoted Kevin Chang, an analyst at Citigroup Global Markets, as indicating.
FIH and Compal are expected to ship one million smartphones each to Palm in 2010, the paper quoted Chang as saying.
Some other market observers had earlier projected FIH's shipment of Pre and Pre Plus smartphones to Palm to reach three million units in 2010, while shipments of Pixi and Pixi Plus smartphones from Compal will be 2.5-3 million units, he noted, adding the projections had been too optimistic.
Total smartphone shipments from FIH and Compal will reach only 2.5 million and 1.5 million units, respectively, in 2010, compared to 4-5 million and 3.5-4 million units projected previously, Chang estimated.
Article translated by Steve Shen
