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Analysts predicting 15 million Galaxy S7 and S7 Edge smartphones sold as of Q2 2016

Analysts predicting 15 million Galaxy S7 and S7 Edge smartphones sold as of Q2 2016
Analysts predicting 15 million Galaxy S7 and S7 Edge smartphones sold as of Q2 2016
Samsung's smartphone division is expected to grow by 17.1 percent this quarter due to the runaway success and critical acclaim of the latest Galaxy S flagships.

The Galaxy S7 and S7 Edge are proving to be big hits for the South Korean manufacturer. The press have been praising both devices since launch and customers appear to be choosing the Galaxy over other competing flagships like the G5 or HTC 10.

Galaxy S7 and Galaxy S7 Edge are bestsellers

Analysts are now convinced that the two Samsung flagships have been selling better than anticipated with a number of firms in Asia now readjusting their forecasts to account for the strong sales. Industry experts expect Samsung to announce a combined 15 million units sold as of Q2 2016.

Samsung reaping the rewards of U.S. Millennials

The positive sales predictions from financial experts correlate well with the latest survey from US analysts at Reputation Institutes (RI). Studies conducted by RI have found that Generation Y consumers (18 to 34 years old) are generally confident shoppers who recognize and respect the Samsung brand out of a list of about 700 other companies.

Analysts expecting excellent quarterly results from Samsung

Financial experts from Hanwha Investment and Securities Co. are predicting an operating profit of about $6.67 billion USD during the April to June 2016 time frame due in large part to the success of the Galaxy S7 and S7 Edge. In particular, Samsung's smartphone division could grow from 15.8 percent to 17.1 percent as of Q2 2016 according to analyst No Geung-Chang of HMC Investment Securities.

Samsung Investors Forum 2016

The yearly Samsung Investors Forum will take place next week on June 20 in Seoul, Korea with potential for new announcements and financial revelations.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 06 > Analysts predicting 15 million Galaxy S7 and S7 Edge smartphones sold as of Q2 2016
Ronald Tiefenthäler/ Allen Ngo, 2016-06-13 (Update: 2016-06-13)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.