Samsung posts 81% year-on-year growth ahead of Galaxy S3 launch

Samsung has posted a record Q1 net profit of $4.26 billion, up a remarkable 81% on the same quarter last year.

According to CRN, the Korean electronics company attributes the growth to strong sales of its Android-based Galaxy tablets and smartphones.

While Samsung did not reveal how many handsets it shipped, most leading analysts believe Samsung outsold Nokia during the quarter. 

The strong results come ahead of the launch of the highly anticipated Galaxy S3 smartphone, which will be unveiled later this month.