Tuesday, February 7, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Enterprise

Galaxy S7 Help Samsung Achieve Best Earnings In Over Two Years

by Terry Bass
July 11, 2016
74
SHARES
Share on FacebookShare on Twitter

Samsung has seen its best profits in over two years and most of it is thanks to the Korean giant’s smartphone business. Samsung released its earning guidance for Q2 2016 and, despite the competition from Apple and Chinese rivals, is expecting the operating profit to reach 8.1 trillion won (about RM28.1 billion).

Samsung managed to rake in 8.84 trillion won (roughly RM30.6 billion) back in January 2013 and 8.5 trillion won (approximately RM29.5 billion) in Q1 of 2014. While this year’s profits aren’t as high, it still accounts for a 17% increase compared to last year’s profits. Other than that, Samsung also expects the company’s revenue to increase by three percent from 48.5 trillion (roughly RM168 billion) to 50 trillion won (about RM173 billion).

samsung-galaxy-s7-edge-review-42

According to Reuters, the mobile division is the top earner for this quarter with the division’s profit probably increased by 54.5% from the same duration a year ago. Other than that, Yonhap News reported that Samsung has shipped about 15 million Galaxy S7 and S7 edge units from April to June.

ADVERTISEMENT

Samsung has cautioned that sales of the S7 will slow down in the second half of the year, but it should be able to maintain its profits between 7 trillion won to 8 trillion won. This is expected to be due to its chip business and the launch of the Galaxy Note 7.

Samsung-Galaxy-S7-Edge-Review-17

The Galaxy S7 and S7 edge are definitely the game-changers Samsung needed to bounce back from Apple’s reign over the smartphone market. The S7 made the necessary adjustments and had the right features (waterproof, microSD card support) to regain customer trust. We’ll just have to wait and see if the Galaxy Note 7 is capable of emulating the success.

(Source: Samsung, Engadget, Reuters, Yonhap News)

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Filed Under galaxy s7samsung earningsSamsung ProfitsSamsung Q2 EarningsSamsung Q2 Profits
Back to top
Share30Tweet19SendShare

RELATED ARTICLES

Celcom

Lowyat.NET 2016 Community Choice Awards: Here Are The Winners!

by Pang Tun Yau
January 4, 2017
Samsung
Mobile Phones

Samsung Profits Drop To Two Year Low After Note 7 Debacle

by Farhan
October 27, 2016
Mobile

Samsung Galaxy S7 Active Official, Packs Bigger 4,000mAh Battery & “Shatter-Resistant” Display

by Andrew Cheng
June 7, 2016
Mobile

Samsung Had a “Camera Conundrum” With the Galaxy S7 Smartphone

by Pang Tun Yau
May 24, 2016

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Mobile Phones

    Samsung Galaxy S23 Ultra Goes Official: Price In Malaysia Starts At RM5,699

  2. 2
    Transportation

    Believe It: We Just Paid For A MRT Ride In Kuala Lumpur Using An Apple Watch

  3. 3
    Enterprise

    Galaxy S7 Help Samsung Achieve Best Earnings In Over Two Years

  4. 4
    ISP

    Time To Roll Out Pakej MyKabel This March: 100Mbps At RM69 Per Month

  5. 5
    Transportation

    Rapid KL To End Kumpool T250 Feeder Bus

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2023 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2023 LOWYAT, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.