Galaxy S7 Sales Boost Samsung Earnings

...

There is a renewed focus on risk data aggregation and reporting (RDAR) solutions, as financial ins

Samsung earned a bit more than it expected to during the first three months of the year, thanks to robust sales of the Galaxy S7 and S7 Edge smartphones.

On Thursday, Samsung reported a substantive increase in first-quarter profits, which are up 12% from last year. The company says its latest flagship smartphones, the Galaxy S7 and S7 Edge, helped it generate more revenue and stabilized its mobile division. The company is predicting strong handset shipments for the current quarter, too. That forecast suggests that Samsung has reversed slipping sales. 

Earlier this month, Samsung said it was expecting to record profits of about $5.7 billion. Instead, the company saw profits of $5.84 billion on revenue of $44.8 billion. Profits at its smartphone division climbed an impressive 42% from the year-ago period. Samsung's phone business hasn't seen profits in this range since 2014.

Moving forward, Samsung says it believes it will see growing sales for the Galaxy S phones alongside its entry-level Galaxy J series and mid-range Galaxy A series. The company estimates second-quarter shipments, including tablets and wearables, will hover around 90 million units.

Samsung hopes its predictions for continued good sales will ease investor fears. Several weeks ago, analysts suggested launching the S7 and S7 Edge in March, rather than in April, artificially inflated Samsung's first-quarter numbers and stole sales from the second quarter.

The S7 and S7 Edge are excellent devices. Samsung focused on adding features demanded by consumers, such as support for memory cards, a waterproof chassis, and a better camera. The two handsets are among the best available running Google's Android operating system.

Are you prepared for a new world of enterprise mobility? Attend the Wireless & Mobility Track at Interop Las Vegas, May 2-6. Register now!

Samsung shipped about 81.9 million phones during the first quarter, estimates IDC, giving it 24.5% of the global market. Samsung doesn't reveal actual sales figures. The S7 and S7 Edge have positioned Samsung far ahead of Apple, which pushed 51.2 million iPhones during the first quarter, a significant drop for the company.

Huawei is a distant third in the overall market. It saw shipments of 27.5 million devices during the first quarter. Somewhat surprisingly, Chinese firms Oppo and Vivo have pushed incumbents including LG and Lenovo out of the top five phone makers.

The S7 enjoyed several weeks on the market with no direct, up-to-date competitors. Since the phone's launch, however, LG began shipping the G5 and HTC began shipping the 10. These Android flagships are excellent options for Android shoppers, and may take sales away from the S7 and S7 Edge during the second quarter.

Categories
APPLICATIONS
0 Comment

Leave a Reply

Captcha image


RELATED BY

  • 5300c769af79e

    Weekly Rewind: ‘Inception’ is real, new iPhone 7 rumors, and life beyond Earth

    We don’t want to spoil that love affair, but Apple’s already working on the iPhone 7 — and rumors about it are beginning to heat up.Cornell University research finds life could exist on Saturn’s moon Titan Despite its seemingly inhospitable climate, life could exist on Saturn’s moon Titan, according to research by scientists at Cornell University.
  • 5300c769af79e

    Apple Watch 2 Battery Problems Prevent LTE Connectivity

    Android Wear smartwatches are primed to break free of their smartphone shackles, but the same is not yet true of the upcoming Apple Watch 2, which is slated for release later this year.Cupertino has a second-generation Apple Watch on deck for later this year, possibly as soon as September, and it will have some new features, reports Bloomberg.
  • 5300c769af79e

    Corning Intros Gorilla Glass 5, Will be Featured on Devices Later This Year

    According to Corning, Gorilla Glass 5 survives up to 80% of the time when dropped facedown from 1.This means, when you whip your Gorilla Glass 5-featuring smartphone out of your pocket and it falls onto the ground, 4 out of 5 times it should survive.
  • 5300c769af79e

    How To Optimize Remote Desktop In Windows 7

    This webinar discusses how the biggest problems to your web site aren't cross-site scripting and S Here's how to optimize Remote Desktop settings in Windows 7 to speed up your connections.Want faster access and a more efficient connection in the Windows 7 Remote Desktop/Terminal Services client?