Samsung is going to announce the highest quarterly profit in the last 2 years, the second fiscal quarter of 2016 proving to be an extremely profitable one for the Korean company, Samsung Galaxy S7 and S7 Edge managing to generate sales above expectations and very good ones.
According to those from Samsung, in the second fiscal quarter of 2016 the company would have collected approximately 43 billion dollars from sales and would have generated a profit of approximately 7 billion dollars, the increase in profit being 41% compared to the same period last year, this in while receipts increased by 3%.
The profit recorded by Samsung in the second fiscal quarter of 2016 is only about 300 million dollars less than that recorded at the beginning of 2014, but compared to the same period last year, we are talking about a colossal increase thanks to the launch of the second smartphones.
Many analysts have been expecting for some time that Samsung will announce an increase in revenue and profit for one of the fiscal quarters of 2016, and here it is, as the Koreans can go on an upward trend until the end of this year.
Samsung Electronics today announced its earnings guidance for the second quarter of 2016. Consolidated Sales: Approximately 50 trillion Korean won. ŸConsolidated Operating Profit: Approximately 8.1 trillion Korean won.
