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  5. Samsung Galaxy S3 sales hit 20m, drive record profits

Samsung Galaxy S3 sales hit 20m, drive record profits

Samsung Galaxy S3 sales hit 20m, drive record profits

Samsung posted record profits in the third quarter, driven by demand for top-end Galaxy smartphones.

The gadget-maker reported net profits of £3.7 billion for the three months to September – almost double the year-ago period.

The strong showing was driven by 20 million slates of the Samsung Galaxy S3. Total smartphone sales hit 56.3 million, affording the South Korean company a 31.3 per cent share of the global market.

This is more than double its rival Apple, with whom Samsung is embroiled in a lengthy and deleterious courtroom battle, and whose share stands at 15 per cent.

Samsung's performance in the crucial Christmas quarter will be boosted by late-September's arrival of the Galaxy Note 2 smartphone-cum-tablet hybrid, which the company expects will surpass the original Note’s ten million sales.

A further fillip will be provided by a new Nexus-branded, high-end slate that Samsung has manufactured on behalf of Google. Dubbed the Samsung Nexus 10, this is [set to debut on October 29th](/mobiles/news/2012/10/googleandsamsungworkingonnexustabletlandingnext_week/, along with a slew of new Nexus smartphones.

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