Samsung sees strong growth in Q1 operating profits thanks to the Samsung Galaxy S7/Galaxy S7 edge

Samsung sees strong growth in Q1 operating profits thanks to the Samsung Galaxy S7/Galaxy S7 edge
Led by strong sales of the Samsung Galaxy S7 and Samsung Galaxy S7 edge, Samsung is forecasting operating profits of $5.7 billion for the first quarter of 2016. The company will report its first quarter numbers sometime later this month. If Samsung does report operating earnings in that range, it will be a 10% gain year-over-year. The two high-end models were launched on March 11th which means that they were available for only a limited time during the quarter. Still, strong demand for the two models helped Sammy pump up its Q1 results.

First quarter sales will be $42.3 billion, Samsung predicts. That would be a 3.9% increase from the $40.7 billion in sales that Samsung generated during last year's first three months.

Just the other day, Samsung reported that it shipped nearly 10 million units of the Galaxy S7 in March. It is unknown whether this figure includes the Samsung Galaxy S7 edge. Analysts were looking for 7 million Galaxy S7 handsets to be delivered during the month, so this news is obviously cause for celebration at Samsung headquarters. Perhaps Lil Wayne can bring the champagne.


source: Samsung via AndroidCentral

Related phones

Galaxy S7
  • Display 5.1" 1440 x 2560 pixels
  • Camera 12 MP / 5 MP front
  • Processor Qualcomm Snapdragon 820, Quad-core, 2200 MHz
  • Storage 32 GB + microSDXC
  • Battery 3000 mAh(28h 3G talk time)
Galaxy S7 edge
  • Display 5.5" 1440 x 2560 pixels
  • Camera 12 MP / 5 MP front
  • Processor Qualcomm Snapdragon 820, Quad-core, 2200 MHz
  • Storage 32 GB + microSDXC
  • Battery 3600 mAh(36h 3G talk time)

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30 Comments

1. meanestgenius

Posts: 22043; Member since: May 28, 2014

Nice! Great job on delivering a great handset, Samsung!

8. TerryTerius unregistered

Man, I haven't seen you in forever. How's life been?

21. meanestgenius

Posts: 22043; Member since: May 28, 2014

Things have been outstanding for me. How have you been? Hope all is well. I've been around....mainly on BlackBerry articles as of late. But definitely gotta give credit where credit is due. Samsung has created a great product here.

24. TerryTerius unregistered

Pretty damn good. I quit my job and I am now fully self-employed. Fewer hours, more money, and a whole lot less stress. Plus I have more time to spend with people, and get back to modeling/music. So I am a very happy man. It's good to hear you're doing well :) Ah, that explains it. I haven't really been on many BlackBerry articles as of late. That said, I wholeheartedly agree with you. Although it's tough to say that the S7/edge is a flat out better device than the 6P I formerly had, it is truly a fantastic device that's hard to find any real fault with. As you said my friend, credit where it is due. Well done Samsung. Well done.

27. meanestgenius

Posts: 22043; Member since: May 28, 2014

Glad to hear you're doing so well. Quitting your job to pursue your passion was a bold move, and it payed off for you. Sometimes all you need to do is just "do it". Here's to wishing you much more success than you've already achieved in the future. Be well, my friend.

28. TerryTerius unregistered

I really appreciate that, thank you. I can't claim to be anything more than a casual acquaintance of yours, but you've always been a reasonable, thoughtful, fair, and a passionate individual in my eyes. I respect your character, and I truly hope you reap all the blessings you deserve in this world and the next. I wish the best for you, our resident genius.

30. meanestgenius

Posts: 22043; Member since: May 28, 2014

That's very nice of you to say. I truly appreciate it. Thank you!

2. Drsarcastic

Posts: 136; Member since: Jul 23, 2014

Good job Samsung!!! Now if only I heard news this good from the rest of the OEMs, then I'd be real happy. Hopefully HTC will pull things around. Time will tell...

3. ibend

Posts: 6747; Member since: Sep 30, 2014

S7 only available for 2weeks on Q1, and it still have strong demand on Q2 (especially after some price drop :D)

9. manav3311 unregistered

here in india it is selling as same as s6 . samsung is no different than other chinese crap .

16. NonFanBoy

Posts: 180; Member since: May 28, 2015

Source?

26. donfem

Posts: 708; Member since: Mar 30, 2011

Spewing the same crap from India?

4. aikoo

Posts: 129; Member since: Feb 27, 2016

Great job Sammy. (Typed on my GS7 Edge)

5. yoosufmuneer

Posts: 1518; Member since: Feb 14, 2015

Hope this will continue to increase. Can't wait to see what the Note 6 has to offer

6. coldspring22

Posts: 349; Member since: Feb 28, 2015

By "Samsung", author is really talking about Samsung Electronics division. I wish they would make it clear. Samsung Electronics is the biggest company in Samsung group, but revenue for Samsung group as a whole is significantly greater than just Samsung Electronics alone, and contribute 20% of GDP of South Korea.

7. willard12 unregistered

"Just the other day, Samsung reported that it shipped nearly 10 million units of the Galaxy S7 in March." An analyst reported this, not Samsung.

12. quintessential

Posts: 86; Member since: Mar 11, 2015

This article seems like it was paid for to praise Samsung to the heavens. A 10% growth yearly quarter-over-quarter is nothing spectacular, considering that last year's Samsung Q1 2015 profits had already tanked badly thanks to the S5. Now PA is reporting this 10% growth as if its some huge breakthrough in sales. In the business world, its the equivalent of making $1 last year, and this year you are popping champagne because you made $1.10 ? Whereas in the years earlier on, you were making $2.30. LOL.

17. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

That analogy is hilarious but seriously inapt. The S5 shipped ~10 million around the same period: https://en.wikipedia.org/wiki/Samsung_Galaxy_S5#Sales The S6 shipped ~6 million in the same period https://en.wikipedia.org/wiki/Samsung_Galaxy_S6#Sales Now the S7 returns to the former glory of ~10 million glory attained by the S5 within similar period. So, in your own words, it's more like the business equivalent of making $1 last year, and this year, you're popping champagne for getting back on your feet making $2.30 again.

19. NonFanBoy

Posts: 180; Member since: May 28, 2015

Wikipedia is contradicting itself: "The S5 shipped to retailers 10 million units in 25 days, making it the fastest shipping smartphone in Samsung's history. Samsung shipped 11 million units of the S5 during its first month of availability, exceeding shipped units of the S4 in the same period by 1 million units." "In its first month of sales, 6 million Galaxy S6 and S6 Edge units were sold to consumers, exceeding the amount of Galaxy S5 units sold within a similar timeframe, but failing to break the record of 10 million set by the Galaxy S4." On the one hand it says, S5 sold a record breaking 11 mil units in the first month and on the other hand it says S6 sold 6 million units within similar timeframe and exceeded S5 sales.

20. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Yeah, I noticed that too, but it's backed by this headline, just not as close timeframe: http://www.cnet.com/news/samsung-weve-sold-11m-galaxy-s5-since-launch/

22. keithtae

Posts: 564; Member since: Mar 25, 2015

Wiki stuffs are all written by anyone who wants to write? You can even edit it if you like.

18. NonFanBoy

Posts: 180; Member since: May 28, 2015

"A 10% growth yearly quarter-over-quarter is nothing spectacular" It is spectacular actually in a saturated market where almost all the smartphone manufacturers (including Apple) are feeling the heat.

23. willard12 unregistered

You may want to go back and re-read all of their opinion articles on why the S7 isn't worth $800 or their 3 different articles on why the writers are switching from Android to ios if you think they are just praising Samsung. Unlike their opinion articles, this is just a "re-tweet" article they provided from a credible source. If Samsung announces officially less than 10 million sold, people will be ready to pounce on them and call them liars over something they never reported. And 10% growth is huge in the smartphone market when you are dealing with $5.7 billion. Your $2 analogy is naive, especially when the richest company in the world would love 10% growth if they could get it.

10. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Congrats Samsung. A great SmartPhone, at an easily justifiable price tag, deserves great sales.

11. manav3311 unregistered

10 million its a joke right?

13. foster426

Posts: 40; Member since: Apr 07, 2015

When is my S3 getting Marshmallow?

15. Skimshaddy

Posts: 126; Member since: Feb 23, 2016

You better off to a nearby supermarket and get yourself a bag for that.

14. Chuck007

Posts: 1410; Member since: Mar 02, 2014

Grats Samsung! I am liking my GS7 Edge but they gotta find a way to drop Qualcomm for their flagships. Their in-house SOCs are superior in every way possible.

25. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Good Job by Samsung credit is due where credit is due.

29. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

So much for peoples claims that the sales of the S7 would have no effect on Samsung's first quarter. But something is still wrong. PA posted an article that said, Samsung shipped 10M S7 phones to China. How many were pre-ordered in China? Europe? North America? The world? That's the number I want to hear. I dont want to know what was shipped or sold. I just want to see the pre-order numbers. They could have 30M pre-orders, that doesn't mean they have the stock to fill them. After all, Apple has gotten 10M pre-orders before and it still took me nearly 8 weeks to get my order for just 5 of the iPhones 6S' to our office.

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