Samsung reports small increase in Q2 results

News Wireless Global 7 JUL 2016
Samsung reports small increase in Q2 results
Samsung Electronics forecast an increase in second-quarter results. In a preliminary report, the Korean company said sales are expected at around KRW 50 trillion, compared to KRW 48.5 trillion a year ago, and operating profit should increase to KRW 8.1 trillion from KRW 6.9 trillion in Q2 2015. The company is expected to have benefited from solid sales of the Galaxy S7, the latest in its flagship range of smartphones, which was released in March. Samsung's final results will be released later this month.

Categories:

Mobile

Companies:

Samsung

Regions:

Global

Tags:

Financial figures, Consumer devices, Handsets

Related Articles

GLOBAL 7 OCT 2016

Samsung Q3 sales to decline to KRW 49 trillion

Samsung Electronics has announced its earnings guidance for the third quarter of 2016. Samsung expects to reach consolidated sales of nearly KRW 49 trillion in the third quarter, down from a reported KRW 51.68 trillion in the year-earlier period. The company also expects an operating profit of around KRW 7.8 trillion, up slightly from KRW 7.39 trillion a year ago. In the second quarter of 2016, Samsung saw its sales reach nearly KRW 51 trillion, while operating profit amounted to KRW 8.14 trillion. The comp

GLOBAL 28 JUL 2016

Samsung Q2 results up on growth in high-end smartphones

Samsung Electronics reported a strong increase in second-quarter results, led by the success of its high-end smartphones, and said it expects demand to improve further in the second half of the year. In line with its preliminary report, Samsung said sales rose 5 percent year-on-year to KRW 50.94 trillion, and operating profit was up to KRW 8.14 trillion from KRW 6.90 trillion a year ago. Net profit increased to KRW 5.85 trillion from KRW 5.75 trillion. Sales growth was strongest at its semiconductor divisio

SOUTH AFRICA 7 JUL 2016

Samsung donates smartphones to disaster relief NGO

Samsung South Africa has donated 20 smartphones to non-governmental organisation (NGO) Gift of the Givers South Africa, in an effort to support communications within the association's emergency teams. Badr Kazi, corporate liaison manager at the NGO, says that advanced and reliable mobile connectivity is crucial for the organisation's specialist teams.

GLOBAL 15 JUN 2016

Samsung to use Tizen OS in all products - report

Samsung Electronics is considering expanding the use of its Tizen software in all company devices to reduce its heavy reliance on the Google Android OS, The Korea Times reports, citing an unnamed senior Samsung Electronics executive. "If you don't have your own ecosystem, then you will have no future. Tizen isn't just a platform developed for use with mobile devices," the executive said.

GLOBAL 7 JUN 2016

Samsung launches Gear Fit 2, Gear Icon X wearable devices

Samsung has launched the Gear Fit 2 and the Gear IconX wearable devices. The Gear Fit 2 features an embedded GPS and a heart rate monitor (HRM) that offers fitness tracking and measurement, while providing instant feedback on the user's workout. The Gear IconX cord-free fitness ear buds product can track fitness information and provide users with running feedback on their exercise performance.

GLOBAL 28 APR 2016

Samsung Q1 results jump after early S7 release

Samsung Electronics reported an increase in first-quarter results, led by the early introduction of the Galaxy S7 smartphone and streamlining of the rest of its phone range. Samsung's sales rose to KRW 49.78 trillion from KRW 47.12 trillion a year ago, even stronger than its initial guidance. 

GLOBAL 7 APR 2016

Samsung Q1 profit beats expectations

Samsung Electronics said it expects to report first-quarter revenues of KRW 49.0 trillion, up from KRW 47.1 trillion a year ago. Operating profit is expected to improve to KRW 6.6 trillion from KRW 6.0 trillion in Q1 2015. The figures were better than expected. A poll of analysts by Bloomberg predicted operating profit of KRW 5.53 trillion. The company is expected to have benefited from the first month of sales from the flagship Galaxy S7 smartphone, which was launched earlier than its predecessor last year

GLOBAL 10 MAR 2016

Samsung says S7 pre-orders stronger than expected

Samsung said it has seen stronger-than-expected pre-orders for its new flagship Galaxy S7 smartphones launching this week. Koh Dong-jin, president of Samsung's handsets business, did not give a figure or disclose sales targets during a press briefing for the phones in Seoul, Reuters reports. The flagship S7 and S7 Edge, first presented at Mobile World Congress last month, will go on sale in South Korea and other markets on 11 March, after several weeks of pre-orders. The executive said Samsung expects the S

GLOBAL 21 FEB 2016

Samsung launches Galaxy S7 smartphones at MWC

Samsung has unveiled its latest flagship smartphones, the Galaxy S7 and Galaxy S7 Edge, at Mobile World Congress in Barcelona. The S7 offers a 5.1-inch screen and the S7 Edge a larger 5.5 inches, both Super Amoled with 1440x2560 pixel resolution (QHD), the same as the S6 family. In addition, the devices feature an 'always on' screen for checking notifications or the clock while using minimal battery, and the phones are dust- and waterproof with the IP68 certification. These are also the first to run Samsung

GLOBAL 8 JAN 2016

Samsung Q4 profit falls short of expectations

Samsung Electronics said its fourth-quarter operating profit rose by 15 percent year-on-year, less than market estimates. In a preliminary report, the company said operating profit rose to KRW 6.1 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53 trillion. Full results for the quarter will be released at the end of January. Samsung earlier forecast a difficult year ahead for the electronics giant, due to increasing competition in smartphones an

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.