Samsung's best quarter in 2 years led by shipments of the Samsung Galaxy S7, Samsung Galaxy S7 edge

Samsung's best quarter in 2 years led by shipments of the Samsung Galaxy S7, Samsung Galaxy S7 edge
Last month, we told you that record second quarter sales of the Samsung Galaxy S7 and Samsung Galaxy S7 edge would allow the manufacturer to announce a strong increase in second quarter operating earnings. In three days, Samsung will make this estimate public; according to Reuters it will be the best quarter for the manufacturer in the last two years.

A survey of 16 analysts predicts that Samsung's second quarter operating earnings rose 13% year-over-year to $6.8 billion. That would be the highest figure reported by the company since it earned $7.4 billion in the first quarter of 2014. These same analysts say that mobile devices are responsible for $3.7 billion, or 54% of Samsung's Q2 operating profits.

16 million units of the Galaxy S7 and Galaxy S7 edge were shipped in the quarter, according to analysts. The higher priced Galaxy S7 edge has outperformed the Galaxy S7. While profit margins are expected to decline in the third and fourth quarters as the two phones start losing their luster, Korea Investment & Securities told its clients in a report that Samsung's operating earnings will continue to rise on a year-over year basis for the remainder of this year.

In August, Samsung is expected to introduce the Samsung Galaxy Note 7. The phablet is expected to feature a 5.7-inch or 6-inch screen with an iris scanner, 6GB of RAM and an IP68 certification for dust and waterproofing. Samsung is skipping the Galaxy Note 6 name and is going straight to Galaxy Note 7 so that the phablet can sync with the Samsung Galaxy S7. By aligning its naming scheme to the company's flagship phone, consumers won't feel like the Galaxy Note series is a previous generation device.


source: Reuters

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)

FEATURED VIDEO

23 Comments

1. DRS1977

Posts: 679; Member since: May 27, 2015

Make a good product and people will buy it, simple as that.

2. kumarabhishek591

Posts: 150; Member since: Feb 22, 2014

16 billion? Aliens buy it too i guess -_- Correct it phonearena

3. hafini_27

Posts: 949; Member since: Oct 31, 2013

Good job Samsung.

6. tech2

Posts: 3487; Member since: Oct 26, 2012

DO NOT FEED THE TROLL ! ^

8. killer7D

Posts: 550; Member since: Sep 18, 2014

16 Billion units? So Samsung is selling 2 X S7/S7 Edge Devices for each human on this earth????? Please correct the figure !!

9. Loubielou

Posts: 603; Member since: Jul 11, 2012

Samsung at last deserves a lot praise for producing super fast phones that outshines Apple phones,Just hope the Note 7 carrys on doing the same

14. gsv619

Posts: 54; Member since: Apr 04, 2014

exactly! make something the way the consumers want, and see the sales go through the roof.

10. twens

Posts: 1172; Member since: Feb 25, 2012

Sitting here sipping coffee and waiting patiently for note 7.

13. TreyTreyTaylor

Posts: 728; Member since: Dec 21, 2010

Same here. Just have a Pepsi lol.

11. tedkord

Posts: 17311; Member since: Jun 17, 2009

Can't be. All the under bridge dwellers keep telling me the S7 series was a flop.

15. gsv619

Posts: 54; Member since: Apr 04, 2014

as a S7 edge owner for the past 2 months, i can tell you, the phone is an absolute beast. I have owned the S1, S2, S3, S4, Note 3 in the past. They suffered from a little lag after the 1st month, but this phone is going on like the day on which I booted it up for the 1st time. Its great to where Samsung has reached from 2 years ago.

12. Barney_stinson

Posts: 672; Member since: May 30, 2016

Note 7 the beast coming soon!! No slowing down !!

16. tedkord

Posts: 17311; Member since: Jun 17, 2009

Nobody makes money with Andr...wait, what?

17. iDing-Dong unregistered

Yeah where is that Boobyf**kster the sheep?

20. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Ummmm, compare Samsung's quarter, with their awesome super amazing incredibly super duper selling S7 and S7 Egde not to mention the billion other products Samsung sells, with Apples and their boring garbage phones like the SE that noooooobody bought, and see what's what. Heck since you brought up android (which Samsung uses as an OS since they are incapable of developing their own), compare Apples quarter to Googles or Alphabet or whatever it's called. I'll *grab a large popcorn* and wait.

22. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Samsung does have their own OS...its called Tizen. It is available on some of their products. But every OEM having their own platform would be dumb because devs are going to make apps for more than 2-3 platforms at best. It's not whether they can make their own as they do have their own. It's a point o whether its logical to try to make it avail to masses and frankly its not. The PC manufacturers that have sold the most computers, don't have their own OS either. Lat time I check, that didn't matter. You're just blowing smoke up your own buttocks.

18. SonyFindOneDroidple

Posts: 865; Member since: May 11, 2013

Waiting for Note 7

19. ctdog4748

Posts: 797; Member since: Mar 05, 2016

With the launch of the iPhone 7, Apple gave away free VR headsets and watches and televisions and every carrier offered BOGO deals from day one, because they were desperate to move the product. Whoops, I meant the Samsung Galaxy S7. lol

23. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Actually Samsung only offered the VR. Also the iPhone also has BOGO deals. In fact if you buy an iPhone you get a price break on the Apple Watch. Retailers and carriers offered their own deals for stuff they had in stock that wasn't selling or was overstock. Who cares if someone wants to drive more customers their way by giving something away. Samsung only gave the Gear VR away, because even when they reduced the price to $99, no one was really buying them. Nothing is better than free. You're just mad because Apple is greedy and just rather take your money and not give you anything. Get a $100 Gear VR with an $800 for free, and the phone is also packed with features...vs paying the same for a cheap phone, with no features and comes with a $6.00 pair Chinese cheap earbuds. I'll take Samsung any day. You're just miserable, jealous and retarded. Samsung never had a promo for a free tv. You need to get your facts straight! The fact that you dont know the difference in an OEM promo and a retailer/carrier promo, shows how such an ignorant troll you are.

21. jeevanand88 unregistered

Do u think all the S7s were sold for gettin VRs and S watches?! :D Go and get some life bro!! Wait for 1300$ samsung crap pro 7 which is not evn worth for 400$ android phone. Whoops i meant the apple iphone pro 7!! Lol!! Those million ppl r not an iIdiot like u ctdog4748

* Some comments have been hidden, because they don't meet the discussions rules.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.