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Samsung Q1 2016 official earnings guidance exceeds expectations

Galaxy S7 Edge and Galaxy S7 pushed Samsung above expectations in Q1 2016
Samsung Galaxy S7 Edge and Galaxy S7
Although some analysts predicted Samsung would miss expectations, the company managed to have a better first quarter than most forecasts.

Samsung's earning guidance has always been on spot, so there is no doubt that Q1 2016 will close with excellent results. Not long ago, analysts were expecting for Samsung to miss expectations, the two main reasons for this being the company's declining sales in China, as well as a $500 million loss expected for its display business.

Fortunately, the very good sales of the Galaxy S7 family managed to overturn the initial anticipations. Although the figures are not final yet, Samsung's official earnings guidance looks great - a consolidated profit of $5.7 billion and consolidated sales of no less than $42.3 billion. Compared to last year's first quarter, these figures stand for a 10 percent increase in operating profit and a minor increase in sales of less than 5 percent.

Unfortunately, Samsung did not reveal any details yet, but everything should become clear later this month, when the tech giant is going to reveal all the final numbers for the first quarter. Until then, stay tuned. 

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 04 > Samsung Q1 2016 official earnings guidance exceeds expectations
Codrut Nistor, 2016-04- 7 (Update: 2016-04- 7)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.