Samsung races ahead on mobiles

Stefan Mileschin · 6th July 2016, 14:44

While the fruity cargo cult Apple flounders in the mobile area, its rival Samsung is doing rather well.

The outfit is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones.

The South Korean giant will disclose its estimates for second-quarter earnings on Thursday, with analysts predicting a strong mobile division contributed to a 13 percent jump in operating profit from the same period a year earlier.

Analysts are expecting to see a April-June operating profit of $6.8 billion which is the highest profit since January-March of 2014. Even more oddly it is the mobile division which is making a lot of the cash.

http://www.techeye.net/business/sams...ead-on-mobiles

6th July 2016, 14:44	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Samsung races ahead on mobiles While the fruity cargo cult Apple flounders in the mobile area, its rival Samsung is doing rather well. The outfit is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones. The South Korean giant will disclose its estimates for second-quarter earnings on Thursday, with analysts predicting a strong mobile division contributed to a 13 percent jump in operating profit from the same period a year earlier. Analysts are expecting to see a April-June operating profit of $6.8 billion which is the highest profit since January-March of 2014. Even more oddly it is the mobile division which is making a lot of the cash. http://www.techeye.net/business/sams...ead-on-mobiles

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