The earnings were the highest quarterly profit in the company's history, and more than triple the earnings for the same period last year. The company's individual businesses all posted gains in operating profits, and its chip business was the most profitable with a 17.6% profit margin. Overall, Samsung posted revenues of $20.9 billion.

"This was the first time a vendor other than Nokia has shipped more than one-fifth of the world's handsets since Motorola's Razr-heyday performance of 2006," wrote research firm Strategy Analytics. "The key to Samsung's growth has been an attractive portfolio of touch phones and an expanding retail presence across multiple regions."

Samsung has about 20.8% of the cell phone market, and it plans to focus on smartphones and entry-level devices over the next few quarters. The company's entry-level phones could sell well in emerging markets such as China and India, and high-end handsets as the Android-powered could help boost the division's profit margins. display division also reported a 15.3% profit margin, up from 7.9% last year.

The company's television unit also saw an increase in shipments and profit margins. Samsung said its TV shipments rose 24% from the same quarter last year, and it had a 16.9% profit margin. The company's liquid crystal