According to preliminary results posted Thursday, there’s a light at the end of a long tunnel for Samsung Electronics and that light is the new Galaxy S7 flagship smartphone. After more than two straight years of decline in its mobile division, the South Korean firm is now projecting more than ten percent profit growth for the first quarter of 2016, beating market estimates.
The Galaxy S7 and Galaxy S7 edge were announced back in February ahead of their March 11 debut. Both phones, which have managed to address some of user complaints like memory expandability, were met with mostly positive reviews. Thus far, the new devices have moved three times as many units in their first month compared to their predecessor, the Galaxy S6/edge series, according to Bloomberg.... Read the rest of this post here
"Samsung expects 10 percent profit growth on better-than-expected Galaxy S7 sales" is an article by iDownloadBlog.com.
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