Why people prefer Samsung Galaxy S7 as compared to iPhone 7?
- Author: Carolyn Briggs Apr 19, 2017,
Apr 19, 2017, 23:11
According to Samsung, operating profit for the first three months of this year is estimated at 9.9 trillion won ($8.7 billion), up 48 percent from a year earlier. Sales of its new G6 flagship smartphone began in March and will not provide meaningful contributions until the second quarter. Not only are they seeing success in their own Exynos SoC, but continued business from Qualcomm for the upcoming Snapdragon 835 SoC has also added to this increase in profits. This estimate is quite a rise from 6.68 trillion won (roughly $5.9 billion) overall operating profit Samsung reported in Q1 2016.
It is the group's best quarterly profit in nearly four years. Some researchers believe the smartphone will set a new first-year sales record.
The report also states that Samsung also assigned build numbers for the refurbished Galaxy Note 7 models, respectively N935LKLU2AQD2/ N935LLUC2AQD2/ N935LKLU2AQD2.
The good news for Samsung comes even in the wake of the explosive Galaxy Note 7 handsets and a political bribery and corruption scandal which is now on-going in South Korea. Samsung was forced to recall it late previous year after reports of the device overheating and exploding.
The scandal involves Vice Chairman Jay Y. Lee and several top executives accused of bribery and embezzlement. Its shares were down 0.57 percent to end at 2,080,000 won in Seoul trading on Friday, upon overnight news that it had lost a patent battle with its Chinese rival Huawei Technologies.
Billionaire vice-chairman Lee Jae-yong was arrested in February as part of a corruption scandal that has led to the impeachment of former South Korean President Park Geun-hye.
Samsung has denied any wrongdoing and Lee has pleaded not guilty to the charges, with his lawyer contending the prosecution case is "full of contradictions".
The verdict is expected to be delivered in late May.