Helped by sales of its smartphones and the Galaxy Note 'phablet', Samsung Electronics posted record quarterly profit of $5.15 billion. More than 5 million units of 'phablet' have been sold since its launch in October last year.
"Higher-than-expected shipments of the Galaxy Note seem to have given an upside to earnings," Reuters quoted Lee Ka-keun, an analyst at Hana Daetoo Securities, as saying. "Note sales will increase further in the second quarter, and handset profit will grow despite a rise in marketing costs related to the London Olympics."
Following the stupendous success of the Note, which is part phone and part tablet, experts are of the opinion that people are open for change.
"We're seeing a shift in the marketplace and there's room for diversity," says Shivesh Vishwanathan, senior solutions architect at Persistent Systems.