Thursday, 28 July 2016

S7 sales pushes Samsung profit to its peak since 2years



Samsung has reported its highest profit for 2 years due to the S 7 sales;


they reported a 8.14 trillion won ($ 7.22 billion) operational profit on revenue of 50.94 trillion won (45.2billion) that profit figure is 18% year on year. While this quarter revenue represented a five percent annual increase. The company’s mobile division accounted for more than half to these profit, Samsung reported that sales of Samsung galaxy S7&S7 edge have sold better than its previous galaxy S6 phones and a more streamlined approach to its cheaper phones, including the successful mid-range galaxy J series culminated in generating such impressive financials for their second quarter. 

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