Samsung Electronics Q2 performance may be the best in past two years

Thanks to the promotion of Galaxy S7, Samsung Electronics is supposed to release the best quarterly performance in the past two years, reports Reuters.

It is reported that Samsung Electronis will reveal the preliminary data concerning Q 2 profit on Thursday. The analysts predicted that mobile department help the company increase operating profit by 13% on YoY.

Thompson Reuters revealed the average prediction based on 16 analysts that its operating profit in Q2 will be $ 6.8 billion, which is the best performance in the past two year. It made a record with about $7.3508 billion in operating profit in Q1 2014.

It may be the second time for mobile department that it becomes the most profitable department twice in a row. Its profit in Q2 is about $3.71864 billion.

Lee Jin-woo, manager of KTBAsset management, claimed the sales of Galaxy S7 did better as expected and its semi-conductor business did a better job against its rivals. He suggested that Samsung Electronics quarterly trading profit will be remained.

It is predicted that the shipping quantity of Galaxy S7 could be 16 million units in Q2. The curved-display version sells better than its flat-display ones.

While a report of Korea Investment&Securities implies the trading profit for mobile department will decline in Q3 and Q4. Counting in the whole year revenue, it will receive growth in trading profit.

Leave a Reply

Your email address will not be published. Required fields are marked *