Samsung beats analyst forecasts, posts $7 billion profit guidance for Q2

After much ballyhooed analyst predictions about the stellar second quarter of Samsung that topped at $6.8 billion in operating profit forecasts, today Samsung itself chipped in to release its earnings guidance for the first full quarter of Galaxy S7 and S7 edge sales. Well, these are going like hot cakes, and Samsung is forecasting operating profit of 8.0 ~ 8.2 trillion Korean won, on revenue of about 50 trillion of the currency. 

That translates to at least ~$6.94 billion windfall for Samsung, which is at the top end of analyst predictions, and the best quarter that the company's had for the last two years. We'll now have to wait for the actual detailed numbers in a week or two, where Samsung will break down its Q2 2016 performance by categories, so that we could take a long and hard look at the mobile division.

source: Samsung



1. Barney_stinson

Posts: 672; Member since: May 30, 2016

Make that money proud with NOTE 7 !!

2. Ordinary

Posts: 2454; Member since: Apr 23, 2015

But nobody makes money with Android

3. Amroze

Posts: 597; Member since: Jul 04, 2016

Bobbybuster, dumbass troll....

6. pagal

Posts: 49; Member since: Jul 04, 2016

My sympathy to Apple :( :( :(

8. darkkjedii

Posts: 30966; Member since: Feb 05, 2011

Why sympathy for Apple though? This article isn't about them, and Apple and Samsung rule the game.

10. pagal

Posts: 49; Member since: Jul 04, 2016

Because its eating iPhone sales.

11. darkkjedii

Posts: 30966; Member since: Feb 05, 2011

Ohhhh ok, let me know when Apple has its going outta business sale.

12. Amroze

Posts: 597; Member since: Jul 04, 2016

I would also argue that Apple is in an especially volatile industry. Even a year from now its major projects will be obsolete, so Apple has to constantly innovate to make sure the next generation is delivered by them, not someone else.

14. darkkjedii

Posts: 30966; Member since: Feb 05, 2011

Lol....yeah ok. I'd argue, you're obviously not an analyst.

13. nctx77

Posts: 2540; Member since: Sep 03, 2013

Actually Apple chipped in on those numbers due to component sales. Also, these numbers are great, but I advise you to look up Apples numbers. Your comment makes me beleive that you have no idea how much Apple actually makes. Educate yourself my friend!

16. Unordinary unregistered

We all know deep down that every year when the new Plus model is released the Note series drastically slip in sales lmfao. Keep dreaming

17. Unordinary unregistered

According to dev stim 2015-2016, they don't LOLOLOLOLOL

4. Shocky unregistered

No surprise, except maybe to Bobbybuster

5. Xelief

Posts: 62; Member since: Aug 17, 2015

I wouldn't expect him to comment on this article. lol

7. tedkord

Posts: 17307; Member since: Jun 17, 2009

He's still nursing a headache from the ban hammer dropping on his head.

9. mahima

Posts: 727; Member since: Nov 20, 2014

they deserve it, galaxy s7 edge was tempting if only touchwiz is more beautiful...

18. j2001m

Posts: 3061; Member since: Apr 28, 2014

You can just change the theme

15. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Someone has to make money Android= Samsung. We all have known this. The mobile devices profits go to Samsung & Apple.

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