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Following sounding a dour observe in its very last earnings report, Samsung Electronics issued unexpectedly upbeat quarterly direction today. The organization explained it expects to report consolidated revenue of about 49 trillion gained and running earnings of about 6.6 trillion gained in the to start with quarter of 2016.
This beats the running earnings of five.53 trillion gained analysts polled by Bloomberg experienced envisioned. Considering that this is earnings direction and not its final report, Samsung Electronics did not say what fueled its quarterly general performance, but the explanation is probably the good results of its flagship Galaxy S7 smartphone, which has outperformed its predecessor, the Galaxy S6.
The Galaxy S7 not only acquired praise for combining the ideal features from prior designs, but benefited from an earlier launch and the easy truth that rival smartphone makers like Apple, Huawei, and Xiaomi were being in in between new releases.
Samsung experienced explained in January—before the S7 commenced taking pre-orders—that it expects flat final results through the to start with two quarters of 2016 mainly because of economic troubles and a slower IT market.
Showcased Picture: Ivan Garcia/Shutterstock
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Samsung expects strong to start with-quarter final results as the Galaxy S7 enjoys robust revenue
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