Samsung Q2 2016 financial results are up once again YoY

Samsung Q2 2016 financial results show higher sales than Apple
Samsung Q2 2016 financial results show higher sales than Apple
The South Korean manufacturer is doing better than ever with sales up 4.94 percent YoY to 50.94 trillion Won.

Samsung can claim yet another record quarter as of Q2 2016. The South Korean giant has made public its quarterly results to reveal a YoY sales increase from 48.54 trillion Won to 50.94 trillion Won (40.9 billion Euros). This puts Samsung ahead of Apple in terms of sales who recently reported revenue totaling 42.36 billion USD (38.15 billion Euros). Of course, Samsung is a wider-reaching company in that it also sells home appliances, TVs, display panels, and other electronics that Apple does not offer.

The company reported an operating profit of 8.14 trillion Won compared to 6.90 trillion Won in Q2 2015. Quarterly net profits are up ever so slightly by 1.7 percent YoY from 5.75 trillion Won to 5.85 trillion Won (4.70 billion Euros).

Aside from Samsung's Semiconductor and Device Solutions (DS) units, its Consumer Electronics (CE) and Mobile Communications (IM) arms performed very well. Smartphone profits in particular are now at 3.46 billion Euros with Samsung specifically citing the Galaxy S7 in its earnings slides.

The Galaxy S7 has been a success story for the manufacturer with sales surpassing that of its Galaxy S6 predecessor and even the iPhone 6s in North America.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 08 > Samsung Q2 2016 financial results are up once again YoY
Ronald Tiefenthäler/ Allen Ngo, 2016-08- 4 (Update: 2016-08- 4)
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.