Samsung Galaxy S7 Helps Samsung Increase Profits

Samsung Galaxy S7 Helps

It looks like sales of the Samsung Galaxy S7 and S7 Edge are helping Samsung increase their profits.The company has issued an earnings guidance for its second quarter and profits are expected to be up.

Samsung has said that its second quarter operating profit is expected to 8.1 trillion won which is about $7 billion.

This is up from 6.9 trillion won in the same quarter of 2015 and up from 6.7 trillion won in their previous quarter this year.

Samsung has not confirmed what has lead to its increased profits, although is is most likely increased sales of its smartphones which have been increased by the popularity of the Samsung Galaxy S7 and S7 Edge.

Samsung also has some more high end devices coming next month with the launch of the new Samsung Galaxy Note 7 which is also expected to help the company keep its smartphone sales up.

Leave a Reply

Your email address will not be published. Required fields are marked *