44974
Samsung Profits Jump 17%
Economy, Sci & Tech

Samsung Profits Jump 17%

Samsung’s overall profits have jumped by 17% year–on–year, with the company making $7 billion between April and June. The huge improvement is believed to be down to its Galaxy S7 and Galaxy S7 Edge smartphones, which were released in March. Both handsets received huge critical acclaim and are widely regarded as the best smartphones available right now, Reuters reported. Samsung has yet to release detailed breakdowns of which divisions within the company made the most money during the second quarter, but it’s widely expected that the mobile division has been the most successful. A number of market watchers believe Samsung’s mobile profits rose by 54.5% year–on–year. Analysts claim that Samsung sold around 78 million smartphones during the quarter. Official figures will be revealed at the end of July. It’s a remarkable turnaround for a firm that was predicting doom and gloom a year ago, as it struggled to cope with the runaway success of Apple’s iPhone 6. Instead, Apple is now having to face up to declining iPhone sales.

 

Short URL : http://goo.gl/PkqSbY
  1. http://goo.gl/jFKi8P
  • http://goo.gl/XWs0Vc
  • http://goo.gl/drqbia
  • http://goo.gl/bP2GvN
  • http://goo.gl/6zBEYw

You can also read ...

Iran, Syria Mull Prospects of Economic, Trade Cooperation
Syrian Minister of Economy and Foreign Trade Mohammad Samer al...
Iran to Make Most of Eurasia Preferential Trade Agreement
Iran’s ambassador to Kazakhstan highlighted Tehran’s efforts...
Most French Firms ‘Won’t Be Able to Stay’ in Iran
Most French companies hoping to keep doing business in Iran...
Second Preparatory Meeting for ‘Sports Economy Conference’
Donya-e-Eqtesad Media Group played host to the second...
Google to Invest $550m  in China’s JD
Google is investing $550 million in cash in China’s JD.com Inc...
Border Transit Rises 11% in 2 Months
More than 1.59 million tons of commodities were transited...
TSE Gauge Ends Tuesday Trade 1.89% Higher
Tehran's stock market bulls continued to lift up equities in a...
President Hassan Rouhani, flanked by Parliament Speaker Ali Larijani (R) and Judiciary Chief Ayatollah Sadeq Amoli Larijani, attended the meeting in Tehran on June 19.
The Supreme Council of Economic Coordination, a joint meeting...

Trending

Googleplus