Samsung Mobile Quarterly Results: Galaxy S7 Success Drives Most Profitable Quarter In Years

Samsung Electronics is continuing to ride high on the success of its Android-powered Galaxy S7 and Galaxy S7 edge smartphones.

Buoyed by the flagship smartphone’s sales, the company’s mobile division has posted an operating profit of $3.82 billion or 4.32 trillion won in Q2 2016. This figure is a substantial increase over the 3.89 trillion won it posted in Q1 2016.

The company’s Q2 2016 operating profit sees an increase of 18 percent, when compared with Q2 2015, to $7.19 billion or 8.14 trillion won. This number is the highest for the company since Q2 2014. Samsung Electronics also seems optimistic of the future and expects a steady growth.

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