Samsung's CEO Yun Jong-yong said in a recent interview that they will be "very selective in choosing new markets" and have decided to forego the market for "the cheapest models," generously leaving it to Nokia. Apparently, "cheap phones would not fit its brand image." Instead, they want to sell "luxury versions" of cheap phones—wha? What exactly are "high low end products"? Contradictions. Exploding. Brain.

Samsung aims for higher end of cheap phone mkt: CEO [Reuters]