The Galaxy S7 & S7 Edge are the phones to have in 2016 thanks to record breaking profits
Samsung seems to be recovering from a slump in smartphone sales at its mobile division as its keeps registering quarterly profits, even in a stringent environment where everyone seems to be losing money on smartphones left and right expect of course, Apple, who of recent has recorded sluggish iPhone sales which has also in its own right bolstered sales of the S7 and the S7 Edge.
The world’s biggest smartphone maker says to have registered an operating profit of 8.1 trillion Won ($7 billion) in the second quarter of this year (April-June) against an analyst’s s projected 7.38 trillion and this positive trajectory push keeps up with results registered in the just concluded quarter. The projected profit comes in after revenues of $43 billion and represents YoY growth of 41% for the Korean company.
The results also make this quarter Samsung’s biggest quarter thanks to strong sales of the curved S7 Edge and it’s flatter S7 protégé.
The two have been hits across the globe selling in droves and Sammy sold 10 million of them in the first month of their availability. The 8.1 trillion Won profit suggests a resurgent Samsung bouncing back from a dive after making an 8.46 trillion profit in early 2014 only to decline thereafter. It should be noted that the above results are preliminary and Samsung is yet to come up with final audited results in late July which are expected not to differ with these announcements.
Apple’s new iPhones are expected to launch in September this year but with no breaking feature anticipations till 2017, this as well might propel the S7 more to unprecedented heights given it will virtually have no competition.