Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.

Notifications

Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.

www.phonearena.com

Samsung Galaxy S7 and Samsung Galaxy S7 edge help Samsung report higher Q1 operating profits

29

Samsung reported its first quarter earnings tonight, and since we are not RefrigeratorArena or WasherDryerArena, we will focus on the numbers posted for Sammy's IM division which is made up of its mobile communications and networks business. The company reported $24.2 billion USD in mobile revenue for the quarter. That is a 6.6% gain year-over-year.

Operating profits for Samsung's mobile division came to $3.39 billion USD, a 42% gain over the operating profits reported by Samsung during the same quarter last year. Samsung cited strong demand for the Samsung Galaxy S7 and Samsung Galaxy S7 edge as the reason why operating earnings rose in the quarter. The new flagships were launched during the three month period ending last month. The two handsets are both waterproof (and don't require a flap to cover the ports), and the microSD slot has also returned.

Even though Samsung shipped 60% more handsets in the quarter than Apple did, the Korean manufacturer reported operating earnings for its mobile division that were just 24% of what Apple reported. Overall, Samsung shipped 81.9 million handsets from January through March.

Samsung expects year over year growth in smartphones to decline for the rest of the year. As far as the tablet market is concerned, Samsung expects an outright decline in demand on a year-over-year basis for the remainder of 2016.


source: Samsung via AppleInsider

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

Related phones

Samsung Galaxy S7 specs
  • Display 5.1 inches 2560 x 1440 pixels 60Hz Refresh rate
  • Camera 12 MP (Single camera) 5 MP front
  • Hardware Qualcomm Snapdragon 820 4GB RAM
  • Storage 32GB, microSDXC
  • Battery 3000 mAh
  • OS Android 8.0 Oreo Samsung TouchWiz UI
Samsung Galaxy S7 edge specs
  • Display 5.5 inches 2560 x 1440 pixels
  • Camera 12 MP (Single camera) 5 MP front
  • Hardware Qualcomm Snapdragon 820 4GB RAM
  • Storage 32GB, microSDXC
  • Battery 3600 mAh
  • OS Android 8.0 Oreo Samsung TouchWiz UI

Latest News

FCC OKs Cingular\'s purchase of AT&T Wireless