Samsung has a lot riding on the Galaxy S. Though the company ranks as the No. 2 global supplier of cellphones overall, it lags Nokia, Research In Motion, Apple and HTC in smart phone sales.

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The overall experience, says HTC is supposed to be smart and elegant.

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We see secular weakness from the Japanese OEMs due to strong smart phone sales from Apple, Samsung and HTC in the domestic market.

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The analyst writes that the upgrade reflects higher smart phone demand in China and market share gains at HTC.

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Dell will face strong competition from smart phone vendors such as Nokia, Apple, RIM, HTC, Samsung and Motorola who have strong presence in countries like the U.S., China, Brazil, U.K. and India where Dell plans to introduce its phones over the next year.

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And the analyst adds that MeeGo would struggle to find a place in the market given that Samsung, Motorola Mobility, HTC, Sony Ericsson and LG are all working with Android for both tablets and smart phones.

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