April 24, 2024

Samsung expects most profitable quarter in over two years


The profits of Samsung Electronics in the second quarter of 2016 shows that the company expects to reach record of best profit in more than two years. Samsung expected to account $7 billion operating profit from $43 billion in revenue for the period from April to June, which represents a 41% increase in profit compared to the same period last year and 3% increase in sales.

The numbers are preliminary, but Samsung is generally accurate in forecasting. When the final profit be announced later this month, the company should provide further breakdown of each unit, as well as some idea of how well are sell Galaxy S7 and S7 Edge.

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