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