Samsung has predicted a massive 53 percent jump in profit for the first three months of 2013, ahead of the launch of its flagship Galaxy S4 smartphone.
Samsung predicted an operating profit of 8.7tn won (£5bn) for the quarter, a massive increase from last year's 5.7tn won figure.
Samsung cited the increase as being primarily down to the ongoing success of its Galaxy range of Android smartphones. Strong sales of the handset across the globe have led numerous analyst houses to list Samsung as the worlds top-selling smartphone manufacturer.
Most recently, research house Gartner said that Samsung was the top selling mobile and smartphone maker, boasting 64.5 million sales during 2012's fourth quarter. The figure marked an 85.3 percent increase in the sales figures recorded in Q4 2011.
The growth comes during a small lull in Apple iPhones sales. Research house Kantar Worldpanel recently revealed that Apple has suffered a 3.5 percent drop in global sales during the first quarter of 2013, compared to the same period last year.
The trend is expected to continue throughout 2013, with the arrival of Samsung's Galaxy S4 handset being expected to lead to another boom in sales for the Korean firm.
The Samsung Galaxy S4 was unveiled in March and is set to be available from late April starting from around £530. Samsung has loaded the device with a raft of innovative features, including eye-scroll technology and gesture control capabilities.
Check back on V3 later this month for a full review of the Samsung Galaxy S4.
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