Samsung forecast a larger profit in 2016

Samsung forecast a larger profit in 2016

Samsung Electronics has announced its first quarterly profit forecast for 2016 and there are a lot of optimistic data, in particular on smart phones, which lacked the previous statements.

Samsung forecast a larger profit in 2016



In total, Samsung forecast an operating profit of about 6.6 trillion won ($ 5.7 billion) for the 1st quarter 2016, an increase of 10.4% to 5.98 trillion won, the company received a year earlier. At the same time operating profit Samsung will continue to be lower by 22% compared to the 1st quarter of 2014.

The main thing, Samsung predicts that it will exceed analysts’ forecasts about its effectiveness. Revenue will grow by about 4% year on year, with the result that the company expects to earn 49 trillion won ($ 42.3 billion).

Analysts expect that overall sales Galaxy S7 and Galaxy S7 Edge could reach 10 million units in the first quarter, from 30% to 40% higher than the initial forecasts. In addition, it is expected that the strong sales of mobile compensate for falling revenues in the highly profitable Samsung semiconductor division.

Final figures Samsung in Q1 2016 will be announced later this month, complete with additional details. Perhaps 2016 is a crucial year, which is tired of waiting for manufacturers of smartphones.

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