Samsung Electronics is now realizing profit growth thanks to the Galaxy s7

Galaxy s7 Edge UX1

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[/blockquote]Samsung Electronics has announced its earnings for the first quarter of 2016, and even it seems Samsung is self was surprised that they’re slightly better than predicted; the company made $ 5.86 billion off $ 43.68 billion in revenue, respective jumps of 12 percent and 6 percent on a year ago. The profit growth was led by well-received Galaxy S7 and S7 Edge the “early launch and successful sales” of the , as well as increased sales of OLED panels and stronger operations in the semiconductor division.

Samsung’s mobile division saw a 42 percent jump in operating profit which means that with the latest Galaxy devices Samsung is on the right track especially with the Edge variants of their devices. Last year the Galaxy S6 didn’t come out until April, meaning that year-on-year comparisons are putting one quarter with a flagship handset launch up against one without. So can  Samsung maintain this profit making pace? Your guess is as good as ours. The company’s main competitor in the mobile division, Apple just posted its first-ever iPhone sales decline, and according to the Samsung presser, the Korean based phone makes “anticipates softening demand in the smartphone market” for the year ahead.

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