Samsung latest financial statement shows record profits for the company in the third quarter of this year, mainly due to gains in the mobile business, and to some extent display panels. In three months ending in October, Samsung earned 6.56 trillion won in profits, which is nearly double compared to the same period last year that drew in 3.44 trillion won. Samsung’s year on year sales in the mobile business jumped 82 percent, and accounted for 50 percent of total revenue earned by the company.

Meanwhile, market watchers ABI Research and Strategy Analytics released their numbers on mobile market share and units shipped. According to these numbers, Samsung shipped more than twice the number of smartphones than its closest rival Apple. Samsung took 35.2 percent of market share by shipping 56.9 million smartphones, while Apple 16.6 per cent of the market with 26.9 million units. Furthermore, the reports estimate Samsung’s annual shipping rate increased by 102.5 percent.