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Samsung smartphone sales expected to hit record 70 million in Q1

Published Mar 27th, 2013 12:48PM EDT

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Samsung (005930) is expected to report another massive quarter despite experiencing a seasonal speed bump, the Yonhap News Agency reported. According to a report from Counterpoint Research, the company was able to achieve record sales during a notoriously slow fiscal quarter and even with the release of its new Galaxy S 4 smartphone looming in the distance. Samsung is estimated to have sold 25 million smartphones per month in 2013 to drive its quarterly sales over 70 million units. 

The research firm also revealed that the company’s market share increased in the first two months of the year, from 32% in the fourth quarter of 2012 to 35% in 2013. Competitors like Apple (AAPL) and LG (066570), meanwhile, also experienced increased market shares in 2013. Apple’s share increased from 17% in the fourth quarter of 2012 to 21%, while LG went from 4% to 4.3%.

Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.