According to the Wall Street Journal and a person familiar with the situation, it looks like Samsung has finally been crowned as king of the smartphone world; the company sold more than 20 million smartphones in Q3. When Samsung announces their third-quarter earnings next week, analysts are expecting Samsung’s smartphone shipments to range between 20-30 million units – an over 500% jump from the 3 million smartphones sold by Samsung in Q2 of 2010.

Apple’s latest numbers revealed that they sold 17.1 million iPhones in Q3, while Nokia shipped 16.8 million smartphones. We hope Samsung’s Q3 report will break down their smartphone sales numbers and reveal how many of the estimated 20 million units were actually Android-powered devices.