Samsung Q1 2016 earnings might exceed expectations
Although times are rough for giants like LG, Apple, or Samsung, especially in most emerging markets. Fortunately, at least one of them seems to be doing great for the time being. According to industry analysts quoted by The Korea Herald, "Global smartphone giant Samsung Electronics Co. is anticipated to post better-than-expected earnings for the first quarter following the better-than-expected performance of the Galaxy S7 series."
The operating profits of the company for the first quarter are expected to reach $5.14 billion (6 trillion won), a tiny improvement over the same period of 2015. However, initial expectations were much lower - analysts believed that Samsung might go as low as 4 trillion won in the first quarter due to increased competition in the home appliance and chip markets.
In the end, it looks like the Galaxy S7 and the Galaxy S7 Edge managed to turn the tide for Samsung. While it may be too late now for Samsung Pay to have an impact on the first quarter results, the second part of the year might record improvements in that area as well. The official earnings guidance for Q1 2016 will be provided on April 7th, so stay tuned.
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