Samsung shipped an estimated 35 million smartphones in the fourth quarter — up from 27.9 million in the third quarter when it passed Apple to become the top smartphone vendor in the world — pushing the South Korea-based company toward record profits. The firm reported its preliminary results for the fourth calendar quarter on Friday, revealing an operating profit of 5.2 trillion won, up 73% from the same quarter in 2010. Wall Street was expecting 4.7 trillion won for the quarter, and Samsung’s previous record had been 5.0 trillion won in the second quarter of 2010. Samsung stated last month that it also saw record phone sales during the quarter, topping 300 million units in early December, and the company aims to sell more than 374 million phones in 2012.

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Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.