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


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.

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37 Comments

1. GreenMan

Posts: 2697; Member since: Nov 09, 2015

Atta Boy...?

2. Barney_stinson

Posts: 672; Member since: May 30, 2016

Put all that money in NOTE 7 and make it BEAST!!! So that it puts another competitors in shame!!! NOTE:- s7/edge is the best out there, dont dare to troll!!!

7. TerryTerius unregistered

I'm pretty sure that whatever is going into the Note 7 was finalized quite some time ago.

12. Ruturaj

Posts: 1484; Member since: Oct 16, 2014

As terry says, the note would have been finalized by now. Also note doesn't sell as good as S series anyway, that's why they are making note a bigger S series with S pen.

18. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Actually that is not entirely correct. The Note and S both sell roughly the same amount of phones. This has been true after the Note 3 sold 38M in a year, and the S model for that year was just over 40M. The Note sells anywhere from 5-10M units per quarter. Note 4 sales were just slightly higher than the Note 3. The Note 5 sold roughly the same units as the Note 4. That number is somewhere between 35-40M. The combined total of selling S6 model, was between 35-40M. The S7 surely beat the S6, where the S6 had several selling models with the S6, S6 Edge, S6 Edge+ and the S6 Active. The S7 series has one model less and still did better. Considering Samsung sells over 300M phones per year, profiting $7B is a very higher number, considering all the overhead. if Samsung would just trim the models down to 3 groups: Low-end J, Mid-range A and top end the S and Note, and just offer 3 sales options with varying features, they could increase profits considerably. Less models means less overhead, more capital.

25. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

Jeez, dude, stop your lying. There are no sales numbers to be had, but anyone with half a brain could look at the quarterly reports and see that your "guess" is so far off track that it should qualify for a religious exemption. The ASP keeps falling and the Note launches of the last three years have had little to no impact on the quarterly sales figures, which destroys your uneducated thesis. Try again elsewhere. As for your business acumen, you should go take an Econ 101 course to fix that glaring hole in what little education you do have.

35. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Note II sells 30M - bgr.com/2013/09/30/galaxy-note-sales-40-million-li​fetime/ Note 3 sells 10M in just 2 months -http://www.theinquirer.net/inquirer/news/2318127/samsung-galaxy-note-3-sales-top-10-million-in-two-months You dont think 20M more were sold over a full year? http://www.forbes.com/sites/timworstall/2013/12/10/interesting-number-samsungs-galaxy-note-3-alone-approaches-50-of-all-of-apples-iphone-sales/#7affb09d737b According to Forbes 15M Note 3's sold in 90 days. Which emans double sales easily in a year. http://www.gsmarena.com/samsung_to_ship_100m_notes_this_year_focus_on_software-news-7134.php In 2013 the S4 and Note 3 were the top selling phones, The S4 sold over 40M+ by itself with the Note 3 right behind it. Note 4 sells nearly the same amount of units as the 3 did -http://www.phonearena.com/news/Report-Samsung-sold-4.5-million-Galaxy-Note-4-units-in-its-first-month-500K-less-than-the-Note-3_id62119 Samsung own numbers show the Galaxy S and Note have had combine sells of 100M+ since 2013. The S5 sold 35-40M usints. The Note 4 sold the same. The Note 5, PA had an article showing the sales were flat and were only slightly above the previous year. Go hold your head down in shame. Don't tell me what I dont know. On average Samsung sells 5M Galaxy S and Note devices per month. This has been proven time and time again, with sales dropping off after the their 2nd quarter, Now leave me alone, until you can actually prove your BS argument. Samsung sells 300M smartphones, and it has already been proven that 1/3 of those sales are Samsung top end Galaxy devices which include the Note and S. They make no other top end devices. http://appleinsider.com/articles/13/12/10/samsung-note-3-phablet-accounts-for-just-110-of-its-2013-premium-phone-sales The S4 and Note 3, both sold 10M phones in less than 2 months on sale. https://en.wikipedia.org/wiki/Samsung_Galaxy_S4 S4 sold 40M in 6 months Note 3...5M in a month...15M in 2 months.https://en.wikipedia.org/wiki/Samsung_Galaxy_Note_3 I took those confirmed figures and averaged them out for a full year of sells. The same you have to do for Apple, since neither OEM gives full year numbers. But even if they sold 3M per month, in 12 months that would still be 36M of one model. So far Samsung own ficsal reports show the 2015 sales were similar 2 2014, meaning they sold roughly the same amount of phones. Which is roughly 100M top end and the rest is everything http://bgr.com/2016/02/01/annual-smartphone-shipments-2015-apple-samsung/else. I'm done with you. For information you can easily Google and find out, its sad you fanboy pansies can make such blanket statements and try to present them as fact. Now go crawl back in your hole in the ground. Don't tango with a titan. Stop bring fists to a gun fight. You will lose every single time.

3. Djz89

Posts: 443; Member since: Aug 25, 2014

I don't particularly like Samsung phones, but they did a excellent job with the s7, this is deserved.

4. Quduz

Posts: 84; Member since: Aug 18, 2015

Let the trolls continue a good product would always prove it worth no matter what dumb trolls like GREENMAN says #AWAITINGTHEKINGPHABLET #NOTE7

5. Quduz

Posts: 84; Member since: Aug 18, 2015

Let the trolls continue,A good product would always prove it worth no matter what dumb trolls like GREENMAN says #AWAITINGTHEKINGPHABLET #NOTE7

6. Phonehex

Posts: 763; Member since: Feb 16, 2016

S7 Edge - All Hail the King of Smartphones ! Greatest of all time ! ( Yet ;) )

8. AgentZero

Posts: 314; Member since: Aug 16, 2014

thats what happens when you listen to the consumers

9. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Apple had Q2 profit of, like what, $10.5b. Just sayin.

10. aegislash

Posts: 1495; Member since: Jan 27, 2015

Congratulations for Apple! Why not just applaud Samsung and move on, instead of turning it into some contest?

14. nctx77

Posts: 2540; Member since: Sep 03, 2013

It's just kind of funny how this article is praising Samsung, but Apple is doomed. Also, that number was a down quarter for Apple and they had no new product out during the time. The SE was not counted in quarter 2. This just puts things in perspective.

17. sissy246

Posts: 7111; Member since: Mar 04, 2015

It's a article about Samsung why would they praise Apple in it.

21. tedkord

Posts: 17357; Member since: Jun 17, 2009

You've never read BGR, I see.

28. kylebelle

Posts: 74; Member since: May 03, 2016

haha BRG is a paradise for apple fanboy. some of those articles are so ridiculous. anyone who doesn't think that site is biased to apple is probably mentally ill/retarded

11. ZeneticX

Posts: 63; Member since: Feb 27, 2014

have you ever look at the manufacturing cost for each iPhone, and compare them with the prices Apple is charging?

29. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

Anyone who looks at the BOMB to judge a phone and it's price is a simpleton who should move on while they can. BOM says nothing about R&D, advertising, region-specific currency fluctuations, and economies of scale.

30. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

BOM, not "BOMB."

13. JumpinJackROMFlash

Posts: 464; Member since: Dec 10, 2014

GUESS YOU'RE THE ONLY ONE HAPPY ABOUT APPLE FLEECING THEIR CUSTOMERS WITH OLD PHONES.

15. nctx77

Posts: 2540; Member since: Sep 03, 2013

So I guess Samsung and the S7 is doing the same right. It's basically the S6 that's water resistant and a SD slot.

23. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Everything on the S7 was improved. The S7 has a better display than the S6, has better set of cameras, yes its IP68 rated too, and yes the sdcard slot is back. The only real improvement the latest iPhone got was, they built the CPU on the 14NM fabrication, thanks to Samsung. Everything else is basically the same except for the GPU added 2 cores, yet the phone is still only pushing a 750/1080p display. The S7 has an improved displays, improved cameras, a design change (which the iPhone didnt), huge changes in software compared to iOS and no problems with the device, or the software. Can you say the same? How many more fixes will iOS9 need before they get it right? How come none of those patches fixed the camera issues? What goos is 16GB of storage with a phone that records 4K. Just like Apple commercial says...Everything has change, except nothing has. Same ole' Apple and same ole ignorant fanboys who can never find any fault in them. You're such a troglodyte!

16. kiko007

Posts: 7493; Member since: Feb 17, 2016

You clearly have no clue as to what the term "fleecing" means. I'd work on that before critiquinga company making more money in a quarter than several nations :D. P.S. Why all caps? Are you angry because he doesn't agree with your nice sentiment? You do realize businesses exist to make money right?

24. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Actually YOUR uneducated butt don't know what it means. Many English words have multiple meaning based on context which Apple fans never understand. English isn't your first language...is it?! But here let me educated you like your mama and teacher should have. In his context, FLEECING is being used as a VERB verb (used with object), fleeced, fleecing. 6. to deprive of money or belongings by fraud, hoax, or the like; swindle: He fleeced the stranger of several dollars. It's so easy to show you how stupid you guys are. You the uneducated moron, trying to tell someone something you think they don't know, but proving you're the dummy who doesn't know.

27. kiko007

Posts: 7493; Member since: Feb 17, 2016

"Actually YOUR undereducated butt don't know what it means." Don't? That sentence is all kinds of wrong :D And before you even get to the meaty portion of your point, you have a major grammatical error. Priceless lol! Let me start by saying I knew exactly what context he was using the word in. However, that doesn't make what he said accurate. The highest product satisfaction ratings across almost all of their offerings prove my statements worth. Now let me give you a tidbit of information regarding trying to counter me. It's pointless, and it alway will be. You lack the tactical skills to actually subdue me, so you insult me instead? How utterly childish and full hardy of you :D.

36. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Except it is accurate. Apple fleeces their customers by swindling money from them. They try to make it look like they are selling one thing, when it is actually less of the claim.

20. tedkord

Posts: 17357; Member since: Jun 17, 2009

Inflatable donut?

22. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Apple doesn't sell 80M phones every quarter either. Apple doesn't spend as much on R&D as Samsung does either. Samsung makes their own s**t which is more expensive than sourcing it out. Samsung has 300,000 employees to pay, Apple doesn't. Samsung sells phones in over 250 countries, which costs money, apple doesn't. Samsung makes and sells over 100 different products and manufactures everything for them, apple makes 0 products, has 0 factories, spends the least on R&D which their products show. Also Samsung doesn't sell software which si where Apple gets quite a bit of money. The fact is, you can brag about sales and how much Apple makes, but it isnt doing you any good. You keep buying their expensive half-baked featureless products if that makes you happy. Corps are suppose to make money. If Samsung made only 3 products and sold them at 3 times what it cost to make vs just double, Samsung would make 5 times the profit Apple does. I dont care how much they make, I'm not getting any of it. At least I know for a fact I'm gettign my monies worth and then some and that is something NONE of you hateful screaming out your @$$ fanboys of Apple can repeat on equal ground and that is what makes me happy.

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