Samsung smartphone sales expected to hit record 70 million in Q1

Samsung (005930) is expected to report another massive quarter despite experiencing a seasonal speed bump, the Yonhap News Agency reported. According to a report from Counterpoint Research, the company was able to achieve record sales during a notoriously slow fiscal quarter and even with the release of its new Galaxy S 4 smartphone looming in the distance. Samsung is estimated to have sold 25 million smartphones per month in 2013 to drive its quarterly sales over 70 million units.

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The research firm also revealed that the company’s market share increased in the first two months of the year, from 32% in the fourth quarter of 2012 to 35% in 2013. Competitors like Apple (AAPL) and LG (066570), meanwhile, also experienced increased market shares in 2013. Apple’s share increased from 17% in the fourth quarter of 2012 to 21%, while LG went from 4% to 4.3%.

This article was originally published on BGR.com