Galaxy S7/S7 edge demand pushes Samsung to record profit in over two years

Samsung has announced its financial results for Q2 (the quarter ending June 30), revealing a revenue of KRW 50.94 trillion (around $45.2 billion) and an operating profit of KRW 8.14 trillion (or $7.22 billion). The revenue was up 5% y-o-y, while operating profit rose 18%.
This is Samsung's best quarterly performance since early 2014.
The South Korean company's mobile unit accounted for more than half of the total revenue as well as profit. "Samsung’s earnings improved QOQ thanks to strong sales of its flagship Galaxy S7 and S7 edge smartphones," the firm said in a press release.
"Additionally the company achieved growth in the second quarter by maintaining the profitability of mid- to low-end models, such as the Galaxy A and J series, and improving the product mix by raising the sales proportion of the Galaxy S7 edge to over 50 percent."
For the third quarter, Samsung is banking on a "new large-screen flagship smartphone" to maintain the sales momentum - needless to say the company is talking about the Galaxy Note7 here.
Source

Comments

Post a Comment

Kindly Comment Only related to Post

Popular posts from this blog

LG says unlocked G6 coming soon to US

Image
If you are in the United States and are waiting for the LG G6 to be made available in unlocked form, you might not have to wait for long. A quick look at the company's US website reveals unlocked LG G6 is listed as "coming soon." Sadly, an exact date isn't yet known. Also, not known is the price tag unlocked G6 will carry. But we expect these details to surface sooner than later. As for carrier variants, while most of them are available to pre-order, T-Mobile has already started shipping some pre-orders. Source
Read more

PS4 vs. Xbox One vs. Wii U Comparison Chart

Image
The PS4 vs. Xbox One vs. Wii U Comparison Chart provides an easy visual aid to compare hardware, user interface, media compatibility and other features on the three "next-gen" systems. By popular demand, a Wii U column has been added to the chart for reference. Note that several comparison specs like GPU are not possible at this point due to a lack of confirmed, concrete information.  Feature PlayStation 4 Xbox One Wii U Optical Drive Blu-ray/DVD [1] Blu-ray/DVD [2] 25GB Optical Disc (Proprietary) Game DVR Yes [3] Yes [4] No RAM 8GB GDDR5 [5] 8GB DDR3 [6] 2GB DDR3 [7] CPU Single-chip x86 AMD "Jaguar" processor, 8 cores [8] 8 Core Microsoft custom CPU [9] Multi-Core PowerPC "Espresso" CPU [10] Storage TBA 500 GB Hard Drive [11] 8GB or 32GB Flash External Storage TBA Yes, USB [12] Yes, USB Cloud Storage Yes [13] Yes [14] No Mandatory Game Installs TBA Yes [15] No Requir...
Read more

Microsoft Office Mobile for Android drops Office 365 subscription requirement

Image
Yesterday, Microsoft finally announced the Office suite of apps for the iPad, including Word, Excel and PowerPoint. But along with the new announcement, Microsoft also made a quiet change to its existing Android app. Just like its iOS counterparts, the Android version of the Office Mobile app required an Office 365 subscription to actually be used to create and edit documents. Surprisingly, Microsoft has dropped that requirement now, which means you can access the app fully without having to spend a dime. The app still only lets you create Word and Excel files, with no way to create or edit PowerPoints and all your files will be saved on your OneDrive instead of locally. Also, there isn’t really a version optimized for Android tablets yet. Still, it’s a free app so you can’t complain much about it.
Read more

Samsung releases Gear 2 and Gear Fit SDK

Image
Samsung Gear 2 and Gear 2 Neo went official just three days ago, running on a Tizen-based OS. This time around though Samsung has confirmed both smartwatches will support third-party apps. The lack of third-party apps was a major drawback on the first Gear watch and we are happy to see Samsung is changing its strategy. So, just as promised at the announcement, the SDK for the Gear 2 duo is now live. Even better, the SDK also supports the Tizen-based Galaxy Fit band, so it will also welcome third-party apps once it hits the shelves. Finally, Samsung is launching another SDK for the S-Health services. Both SDK kits are now available for download on Samsung’s Developer Portal.
Read more

PS4 GAMES LINE UP

Image
This section collects all known PlayStation 4 Games . Several PlayStation 4 games have been confirmed, though beneath the list of confirmed games is a list of Rumored Games that are believed to exist, yet haven't been officially announced. In addition to the games shown, an image of the many companies working with Sony on PlayStation 4 games was also shown (above). Confirmed PlayStation 4 Games Game Developer Release Date Deep Down Capcom TBA Destiny Bungie TBA Diablo 3 Blizzard Entertainment TBA DriveClub Evolution Studios TBA Final Fantasy (PS4) Square Enix TBA Infamous: Second Son Sucker Punch TBA Killzone: Shadow Fall Guerrilla Games TBA Knack Studios Japan TBA The Witness Thekla, Inc TBA Wat...
Read more

Huawei Ascend Mate 7 spotted in the wild

Image
Huawei is still only giving us teasing glances at the new Ascend Mate 7 but we have leaked photos of the upcoming phablet to gawk at. The latest batch featrues "in the wild" photos rather than the photos taken by TENAA during the certification process. Huawei Ascend Mate 7 photos The Huawei Ascend Mate 7 is the third generation and while the first two were mid-rangers, this one sits higher up with a 6" 1080p screen, a 13MP / 1080p camera and a Kirin 920 chipset (octa-core CPU, Mali-T625MP4 GPU). It has a fingerprint scanner on its metal back, a la HTC One Max. The Ascend Mate 7 will be unveiled at IFA, Huawei's event is scheduled for Thursday, September 4.
Read more