Samsung Galaxy S4 and Note 8 drive record profits
The Samsung Galaxy S4 and Galaxy Note 8 were major players in Samsung's record £4.52bn profit.
Samsung made a record profit in the three months between April and June, the Samsung Galaxy S4 and Galaxy Note 8 helping the Korean company trouser £4.52bn profit.
The hotly-anticipated S4 hit shops in April. After a slow start to the year, boffo business on the new flagship Android phone returned Samsung to its record-beating ways after posting record profits throughout 2012.
Samsung sounded a notes of caution going into the third quarter however, with a prediction that summer sales would slow despite the arrival of a slew of S4 spin-offs.
Although mobile phones and tablets are the star of the show, Samsung makes a vast range of products. Smart TVs and air conditioners also helped Samsung turn a profit.
To see just just what a diverse company Samsung is, hit play on our fascinating video:
It's financials season, as companies announce their performance for the second quarter of the year. Apple made £4.5bn profit despite falling iPad sales, while Nokia, previously the world's largest phone manufacturer until Samsung nabbed its crown, also announced its bottom line this week: another multimillion loss.
Can Samsung continue its stellar growth, or is the galaxy of Galaxy devices strategy losing its sparkle? Tell me your thoughts in the comments or on our Facebook page.