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Right after sounding a dour notice in its last earnings report, Samsung Electronics issued unexpectedly upbeat quarterly guidance today. The business said it expects to report consolidated sales of about 49 trillion won and operating earnings of about 6.6 trillion won in the 1st quarter of 2016.
This beats the operating earnings of 5.fifty three trillion won analysts polled by Bloomberg had expected. Since this is earnings guidance and not its final report, Samsung Electronics did not say what fueled its quarterly general performance, but the purpose is most likely the success of its flagship Galaxy S7 smartphone, which has outperformed its predecessor, the Galaxy S6.
The Galaxy S7 not only attained praise for combining the finest characteristics from earlier products, but benefited from an previously launch and the effortless truth that rival smartphone makers like Apple, Huawei, and Xiaomi were being in between new releases.
Samsung had said in January—before the S7 started out taking pre-orders—that it expects flat final results during the 1st two quarters of 2016 for the reason that of economic challenges and a slower IT market place.
Showcased Image: Ivan Garcia/Shutterstock
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Samsung expects stable 1st-quarter final results as the Galaxy S7 enjoys strong sales
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