Samsung Electronics has reportedly forecast record profits worth 9.4 billion dollars for the July-to-September quarter.
The world’s biggest mobile phone and TV maker expects the operating profit to raise 25 percent from a year ago.
An analyst with Frost & Sullivan, Andrew Milroy said that Samsung is doing a phenomenal job of continuing its growth rate," said, an analyst with consulting firm Frost & Sullivan, the BBC reports.
According to the report, the success of Samsung’s Galaxy range of smartphones has seen the company become the leading player in the global mobile phone market.
Analysts believe that the company’s policy of catering to the low and high-end segments of the market has proved particularly effective.
Milroy added that Samsung realises that growth opportunities in emerging markets are key to overall success of their business, and the company has been smart enough to tap into it.