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Samsung posts record USD5.15b profit; mobile sales surge

Samsung Electronics Co, the world’s top technology firm by revenue, reported a record quarterly profit on Friday, as its Galaxy smartphones and Note phone/tablet helped it win market share from Nokia and as it outmuscled Japanese rivals in TVs and memory chips.

Samsung did not break out its first-quarter smartphone and handset shipments, but analysts forecast it ended Nokia’s 14-year leadership of the global mobile phone market, outselling the struggling Finnish company for the first time.

Nokia sold 83 million handsets in January-March, including 12 million smartphones. Samsung is estimated to have sold 90 million handsets, including 44 million smartphones, according to analysts.