Samsung Electronics reported Friday that it had posted a record profit of $5.15 billion, usurping Nokia as the world’s top mobile phone seller, and possibly outselling Apple in the smartphone market if one report is to be believed.
Samsung’s shares hit an all-time high in morning trading after the results were released, pushing its market value to $190 billion.
Samsung’s market value is approximately a third of Apple’s, but eleven times greater than Japanese rival Sony. In total, Japanese competitors, Sony, Panasonic and Sharp, expect to have lost a combined $21 billion in the previous fiscal year.
Samsung sold 93.5 million handsets in the quarter, more than one in every four sold, according to Strategy Analytics, toppling Nokia from the top spot. Of the 93.5 million handsets shipped 44.5 million were smartphones, which would mean the company outsold Apple (which shipped 35 million smartphones).
Market research firm iSuppli counters Strategy Analytics’ numbers, estimating that Samsung only shipped 32 million smartphones.
Strategy Analytics’ numbers include all devices in sales channels, which doesn’t necessarily mean the devices have gone to consumers.