Move over Apple: Samsung profits surge to two-year high on Galaxy phone sales as rivals struggle.
By ASSOCIATED PRESS
PUBLISHED: 22:26 EST, 27 July 2016 | UPDATED: 05:43 EST, 28 July 2016
"At a time when companies like Apple are slumping for the first time in 13 years, Samsung continues to soar.
The South Korean company reported forecast-beating earnings today that were the best in two years, as consumers kept snapping up its Galaxy smartphone.
Samsung Electronics forecast its performance will continue to be 'solid' during the rest of the year because of demand for its lucrative components.
At a time when companies like Apple are slumping for the first time in 13 years, Samsung continues to soar. The South Korean company reported forecast-beating earnings today that were the best in two years, as consumers kept snapping up its Galaxy smartphone (pictured)
"Earlier this month it was revealed Apple's iPhone sales fell for the second straight quarter, although the 15 per cent drop was less than feared.
Apple had reported a 16.3 percent drop in iPhone sales in the previous quarter, the first decline since the smartphone was launched in 2007.
Demand for components like high-end displays called OLED, used as screens for premium smartphones, is expected to increase 'substantially.'
Boasting an improved camera, waterproofing and microSD storage support, Galaxy S7 models are on track to set a new first-year shipments record.
Samsung, the world's largest smartphone maker, said its April-June net income rose 2 per cent over a year earlier to 5.85 trillion won ($5.17 billion/£3.93 billion), compared with 5.75 trillion won a year earlier."
Boasting an improved camera, waterproofing and microSD storage support, Galaxy S7 models (pictured) are on track to set a new first-year shipments record. The firm said inventory levels remain low for the new models, suggesting good momentum.
Samsung's profit surges to 2-year high on Galaxy phone sales
- The profits are a result of sales of Galaxy S7 and S7 Edge phones
- 78.3 million smartphones sold, almost twice as many as iPhone sales
- Forecast performance will continue to be 'solid' during rest of the year
By ASSOCIATED PRESS
PUBLISHED: 22:26 EST, 27 July 2016 | UPDATED: 05:43 EST, 28 July 2016
"At a time when companies like Apple are slumping for the first time in 13 years, Samsung continues to soar.
The South Korean company reported forecast-beating earnings today that were the best in two years, as consumers kept snapping up its Galaxy smartphone.
Samsung Electronics forecast its performance will continue to be 'solid' during the rest of the year because of demand for its lucrative components.
At a time when companies like Apple are slumping for the first time in 13 years, Samsung continues to soar. The South Korean company reported forecast-beating earnings today that were the best in two years, as consumers kept snapping up its Galaxy smartphone (pictured)
"Earlier this month it was revealed Apple's iPhone sales fell for the second straight quarter, although the 15 per cent drop was less than feared.
Apple had reported a 16.3 percent drop in iPhone sales in the previous quarter, the first decline since the smartphone was launched in 2007.
Demand for components like high-end displays called OLED, used as screens for premium smartphones, is expected to increase 'substantially.'
Boasting an improved camera, waterproofing and microSD storage support, Galaxy S7 models are on track to set a new first-year shipments record.
Samsung, the world's largest smartphone maker, said its April-June net income rose 2 per cent over a year earlier to 5.85 trillion won ($5.17 billion/£3.93 billion), compared with 5.75 trillion won a year earlier."
Boasting an improved camera, waterproofing and microSD storage support, Galaxy S7 models (pictured) are on track to set a new first-year shipments record. The firm said inventory levels remain low for the new models, suggesting good momentum.
Samsung's profit surges to 2-year high on Galaxy phone sales
......samsung realized they had to dumb it down to double their dollars. but at least they back it up with a great product.
NO more going to the home screen to open apps on my main page.