By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Samsung post First-region earnings on sturdy initial income of Galaxy S7
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Samsung post First-region earnings on sturdy initial income of Galaxy S7

srijita
Last updated: 2016/05/01 at 3:35 PM
By srijita 3 Min Read
Share
SHARE

Samsung Post First-Quarter Profit on Strong Initial Sales of Galaxy S7

Tech giant Samsung Electronics Co Ltd said on Thursday that its first-area operating earnings rose 12 percentage from a year in advance, propelled with the aid of robust initial sales for its flagship Galaxy S7 smartphones.

The South Korean firm additionally stated its “stable performance” will continue in April-to-June, striking a extra positive tone approximately prospects for its handsets and chips companies no matter broadly weaker call for for purchaser electronics.

Samsung’s cell department become the pinnacle earner for the first time in nearly years, way to higher-than-expected sales of Galaxy S7 gadgets, in a sign the sector’s pinnacle cellphone maker has righted itself after years of shrinking profits.

Boasting an stepped forward digicam, waterproofing and microSD storage help, Galaxy S7 fashions are on course to set a brand new first-yr shipments document, boosting hopes the mobile enterprise will put up its first annual profit benefit in three years.

“within the 2nd quarter, the enterprise expects its strong performance to hold, led by using steady income inside the cellular and semiconductor organizations,” Samsung stated in a announcement.

Samsung, in a regulatory submitting, stated January-March running profit turned into KRW 6.7 trillion ($five.84 billion), compared with its earlier estimate of KRW 6.6 trillion. sales rose 5.7 percentage to KRW 49.eight trillion, compared with its guidance for KRW forty nine trillion.

profit for the cellphone division increased forty two percent from a 12 months earlier to KRW three.9 trillion, the best in view that the second zone of 2014. Samsung stated it expects similarly income growth for its Galaxy S7 gadgets inside the 2d quarter in addition to from its mid-to-low tier merchandise.

marketplace researcher TrendForce says blended shipments for flat- and curved-display S7 models will attain 52 million by using the year-end, surpassing the preceding record of forty seven million units by way of the Galaxy S4.

running profit for the chip division fell 6 percentage to KRW 2.6 trillion, undercut with the aid of charge declines for reminiscence chips stemming from slower demand for products which include private computer systems.

The company stated in a separate filing it will purchase back KRW 2 trillion of its very own shares in the third instalment of its KRW eleven.3 trillion buyback plan.

You Might Also Like

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

Why Use BMW Km Stopper?

TAGGED: Earnings, First-region, Galaxy, Income, initial, of, on, Post, S7, Samsung, sturdy
srijita May 1, 2016
Share
Previous Article Intel Says USB type-C digital Audio have to update three.5mm Headphone Jack
Next Article government Panel Nod Paves the manner for Apple Retail shops in India

Calendar

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    

Latest Trending News

  • Over the Next Ten Years, the Used Car Industry May 8, 2025
  • Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business May 3, 2025
  • What Should My Video Game Room Have? April 28, 2025
  • Personalized advertising fuels growth and drives competitiveness for European businesses April 28, 2025
  • Personalization, AI, and the future of retail April 14, 2025
  • Europe’s New Car Buyers and Selected Sustainability April 8, 2025
  • Motor SRC 500 Review: A Powerful Cruiser April 4, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?