During the announcement of Samsung's second quarter financial result, unit sales forecase has been increased from 65 million to 86 million units. Samsung Electronics also announced its financial results for the second quarter of 2004. Sales revenue reached KRW 14.98 trillion, barely touching the KRW 15 trillion mark. Although operating income and net income at KRW 3.73 and KRW 3.13 trillion, respectively, decreased from the past quarter, year-on-year operating and net income grew by 222% and 177%, respectively.

The Telecommunication Network Business, who reported surprising growth in the first quarter, had another spectacular quarter with sales of 22.7 million units in the second quarter. As a result, the division's market share is expected to rise to approximately 14% to 15% from the 13% achieved in the first quarter. Although margins have dropped due to pricing pressures and a rise in marketing costs in the fiercely competitive US market, operating margins still remained at a healthy 16%. In addition, Samsung has increased its unit sales forecast from 65 million to 86 million units foreseeing a strong growth in sales from the launch of new models in the third quarter.

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