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Samsung has announced a record net profit of US$4.5bn for the last quarter, with earnings expected to continue increasing

The company, which recently unveiled new dual SIM products to the Nigerian market, revealed that strong sales of its Galaxy smartphones and tablets is the reason behind high profit earnings.

“Entering into a typically strong season for the IT industry, we expect earnings to continue to increase,” said Robert Yi, Samsung's senior vice president and head of investor relations.

“We cannot overlook delayed economic recovery in Europe and risks from increased competition for smartphone and other set products," he added.

The Samsung Galaxy Mega, the world's largest smartphone, has recently been launched in the Nigerian market. It combines the portability and convenience of a smartphone with the power, multitasking capabilities and extensive viewing experience of a tablet, Samsung reported.

Featuring Android 4.2 Jelly Bean operating system and 1.4GHz dual core processor it contains an 8-megapixel rear camera, as well as a 2-megapixel front facing camera.

Samsung also showcased two new models from its Wi-Fi-enabled Galaxy Tab 3 portfolio, the Galaxy Tab 3 7.0 and the Galaxy Tab 3 10.1.

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