Samsung sees strong growth in Q1 operating profits thanks to the Samsung Galaxy S7

Samsung logoLed by strong sales of the Samsung Galaxy S7 and Samsung Galaxy S7 edge, Samsung is forecasting operating profits of $5.7 billion for the first quarter of 2016. The company will report its first quarter numbers sometime later this month. If Samsung does report operating earnings in that range, it will be a 10% gain year-over-year. The two high-end models were launched on March 11th which means that they were available for only a limited time during the quarter. Still, strong demand for the two models helped Sammy pump up its Q1 results.

First quarter sales will be $42.3 billion, Samsung predicts. That would be a 3.9% increase from the $40.7 billion in sales that Samsung generated during last year's first three months.

Samsung sees strong growth in Q1 operating profits thanks to the Samsung Galaxy S7

Just the other day, Samsung reported that it shipped nearly 10 million units of the Galaxy S7 in March. It is unknown whether this figure includes the Samsung Galaxy S7 edge. Analysts were looking for 7 million Galaxy S7 handsets to be delivered during the month, so this news is obviously cause for celebration at Samsung headquarters. Perhaps Lil Wayne can bring the champagne.

Source: phoneArena

Tags: Galaxy S7, report, Samsung

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Consumer group recommends iPhone 8 over anniversary model
LTE connections wherever you go and instant waking should come to regular PCs, too
That fiction is slowly becoming a reality
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
Human moderators can help make YouTube a safer place for everyone
Google says Progressive Web Apps are the future of app-like webpages
All 2018 models to sport the 'notch'
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (4)