While many other companies are struggling, Samsung are experiencing huge profit increases of 76%, thanks to the Galaxy smartphone range.

Their net income rose to a record 7.04tn won (£4.2 billion), up from 4.01tn won in the same period a year previously. Analyst expectations have been beaten.

The Korean organisation have said that their mobile profits have more than doubled over the same period. Last year Samsung became the world's largest smartphone maker, pushing past Apple.

Experts claim that smartphone shipments will continue to grow in 2013. Samsung are set to grow even more as their broad product line up suits such a wide audience of end user.

Samsung have yet to release detailed information on the volume of smartphones they have shipped, but analysts have estimated that the amount is around 63 million in the quarter.

Apple shares have dropped by 12% in America yesterday as people are fearing they are losing direction and their edge in the smartphone market. Apple did report record quarterly revenues of $55bn, but there has been wide disappointment over iPhone 5 sales.

Samsung have said that their Galaxy range of tablets and smartphones have been their top seller. Their organic light emitting diode screens (OLED) have seen sales figures increasing due to the adoption in the Galaxy smartphones.

Kitguru says: Are Samsung finally starting to win the smartphone wars?

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