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Samsung to See Better Than Expected Q1 2016 Results?

March 30, 2016 - Written By Tom Dawson

Samsung is no stranger to the ups and downs of business and, despite years of going nowhere but up, 2015 and 2014 saw the firm lose profits compared to previous years. It’s arguable that to expect any company to keep on rising at the sort of growth that Samsung were experiencing is naive, but Samsung seems to be back on track, getting back to normal so to speak. Analysts are predicting Samsung to post Q1 2016 results that will not only meet, but exceed them. Coming off the back of the newly-launched Galaxy S7 and Galaxy S7 Edge it’s not surprising that Samsung will have a good Q1 2016, but it is encouraging to hear that they’ll be doing better than expected.

Reports out of South Korea point to Samsung posting as much as 6 Trillion Won ($5.14 Billion) during the first quarter of the year. This is not only a slight improvement over last year’s 5.98 Trillion Won from the same period last year, but an improvement over earlier analyst suggestions that Samsung’s profit could fall to as low as 4 Trillion Won. Previously, figures collected from 24 different sources suggested Samsung reaching 5.17 Trillion Won in profit, but since a successful launch of the Galaxy S7 and Galaxy S7 Edge, this figure has been revised and improved upon. It’s said that the Galaxy S7 and Galaxy S7 Edge have reached shipments of 10 Million units combined, all this in just 20 days or so after the official March 11th launch date.

With the return of water-resistance as well the microSD card slot, it’s no wonder people are excited about the Galaxy S7 and Galaxy S7 Edge. While these figures aren’t final, and are only predictions from analysts, it appears as though Samsung have made the most of their recent device launch. As big names all across the spectrum struggle to make inroads into important markets like China, Samsung is still doing well in North America, and has become a big name in India, another important market in the East. As the first three months of 2016 come to a close, we should know more about Samsung’s Q1 2016 figures, but for now we only have predictions to go on.