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Samsung records better-than-expected Q1 growth thanks to Galaxy S7/S7 edge

April 27, 2016

Samsung has announced its Q1 2016 financial results, revealing a 5.7% increase in overall revenue and 12% increase in operating profit.

The figures stood at KRW 49.78 trillion ($43.46 billion) and KRW 6.68 trillion ($5.83 billion), respectively, ahead of the KRW 49 trillion ($43.3 billion) revenue and KRW 6.6 trillion ($5.7 billion) operating profit the company’s earnings guidance had suggested.

“The first quarter saw overall earnings growth led by the early launch and successful sales of the flagship Galaxy S7 and S7 edge,” the South Korean company said, while also attributing the…

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