Samsung has been a company which has been in the markets of technology for quite a long while now. The company has brought forward a large number of changes, updates and upgrades in the way we know the markets of technology to be, and has been a very influential force when it comes to the markets of technology. Samsung has been working hard on innovating the way things work, and the company is now all set to bring forward a major tech revolution with the Samsung Galaxy Note 7. However, earlier this year, the company had released the Samsung Galaxy S7, and the device has had major impact on the business.
Last year was a nightmare for the company. Samsung had been going through a tough time over the previous quarters, and while they expected things to get better, they got worse as the Samsung Galaxy S6 failed in the markets and did not manage to help them boost their profits. However things improved this year.
The Samsung Galaxy S7, which came out earlier this year, along with the Samsung Galaxy S7 Edge, however, has been a saving grace for the company, as the market share is on the rise once again. The company is going to disclose their second quarter estimates on Thursday, and market analysts have predicted a very strong quarter, with a 13% rise in operating profits compared to this quarter last year.
“Galaxy S7 sales are better than expected in the first half, and the semiconductor business is also outperforming rivals,” said KTB Asset Management’s Lee Jin-woo. “While operating profit margins for the mobile phone business will decline in the third and fourth quarters as the Galaxy S7 effect fades, operating profit will continue to grow on an annual basis,” Korea Investment & Securities said in a report.