Home
News
You are here

Samsung riding on the Galaxy S7 wings, poised to score $6.8 billion profit in Q2

By Daniel Petrov

Updated: Jun 29, 2016, 3:56 AM

35comments

Samsung

Samsung's restructuring efforts have been bearing fruit for the last few quarters, but they are about to kick into high gear this current trimester, according to forecasts. Analysts are revising their Q2 2016 operating profit estimates higher, and have apparently reached a consensus that Samsung is about to announce no less than $6.8 billion in cold hard cash earned from its operations. For comparison, in Q3 2015 it made $6.3 billion, then $5 billion in Q4, and $5.84 billion in the first quarter of this year.

Granted, this is far from the record $8.94 billion it set in Q3 2013, but still higher than both Q2 2014, and Q2 2015. A big share of this profit rebound is attributed to the stellar sales record of the Galaxy S7 and S7 edge, and, if the rumors about the Galaxy Note 7 turn out credible, we might see Samsung going strong in the third quarter as well.

source: Korea Herald via SamMobile & Statista

View Full Bio

Daniel, a devoted tech writer at PhoneArena since 2010, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.

Loading Comments...

Samsung riding on the Galaxy S7 wings, poised to score $6.8 billion profit in Q2

Recommended Stories

Popular stories

Latest News