Samsung has today posted record quarterly profits after selling 35 million smartphones in the fourth quarter, up from 27.9 million in the previous quarter. Operating profits have soared to 5.2 trillion won (US $4.47 billion), representing a 73 percent year-over-year increase.
You can bet that the still-very-popular Samsung Galaxy S II has something to do with it, along with Google’s latest flagship device: the ICS-powered Galaxy Nexus. Of course, the revenue generated from Samsung’s processing chip and OLED display business didn’t hurt either, reports Reuters.
What’s most interesting perhaps is that Samsung only joined in on the smartphone party back in 2010, and has since dominated the market. Last quarter, the South Korea-based electronics giant surged past Apple to take the lead as smartphone king — all the while being taken to court in all corners of the globe.