According to our recent research, Samsung shipped a record 50.5 million smartphones worldwide in the second quarter of 2012. This was the largest number of units ever shipped by a smartphone vendor in a single quarter. Not even Apple or Nokia have yet gotten close to such a big quarterly total. Samsung has been able to deliver hit models in most major price segments across most major regions, from the high-end Galaxy Note phablet in Asia to the mass-market Galaxy Y in Europe. As the 2012 Olympics begin in London this week, Samsung -- an official Olympics sponsor -- surely deserves a medal for its timely operational performance. However, with a rumored next-generation Apple iPhone and iPad Mini on the horizon in September or October, and Nokia and LG ramping up their LTE output, Samsung cannot afford to get complacent. The joy of the Olympics Games will soon be replaced by more smartphone games!