Samsung Electronics is the world's second-biggest maker of mobile phones. A recent company filing has reported that the company has posted a record net profit last year. This was due to the increasing view in the fast-growing market for hand-held mobile devices.

It has been expected by analysts that the South Korean company would unite with Apple in the smartphone and tablet PC race, along with its new Galaxy smartphones. It is projected that this would accumulate a serious challenge to the iPhone.

On Friday, the result was disclosed, it showed that operating profit of Samsung's telecoms division had surged up by 38 per cent to Won1,440bn ($1.3bn) during the October-December period. This was due to the high demand of Galaxy S smartphones and the Galaxy Tab tablet PC. Samsung has crafted record 280m units of mobile phones in 2010 which was 23 per cent up from a year earlier.

According to Park Kang-ho, an analyst at Daishin Securities, at present Samsung's Galaxy lines are the only major challengers to Apple's iPhone and iPad, whereas the other companies like Nokia, LG Electronics and Motorola are still trying to rise with a new reasonable device which would undertake Apple.