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