S7 sales lift Samsung鈥檚 profit into the Galaxy
Print Edition
TECH giant Samsung Electronics Co said yesterday that its second-quarter operating profit likely rose 17.4 percent from a year earlier, its highest in more than two years as Galaxy S7 smartphone sales propelled mobile earnings.
The world’s top maker of smartphones and memory chips said its April-June profit was likely 8.1 trillion won (US$7 billion), better than the average forecast of 7.8 trillion won tipped by a Thomson Reuters survey of 16 analysts. It was the highest since a 8.5 trillion won profit in the first quarter of 2014.
The mobile division likely was the top earner for the second straight quarter, raising the question of whether the South Korean company can sustain this strong pace in the face of competition from Apple Inc and cheaper Chinese rivals.
“At this point it appears unlikely that we’ll see stronger competing devices emerging” in the second half, IBK Asset Management fund manager Kim Hyun-soo said.
Apple’s new iPhones — likely to launch around September — would not offer any dramatic new features, Kim said.
Samsung will not disclose detailed results until late July.
The Thomson Reuters poll tipped the mobile division’s profit to have risen 54.5 percent from a year earlier to 4.3 trillion won, the highest since the second quarter of 2014.
S7 sales will likely ease in the second half, but Kim said Samsung should be able to keep quarterly earnings of between 7 trillion won and 8 trillion won for the rest of 2016.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
