Samsung’s Galaxy S7 Sale Accretes Outpouring Profit Amongst the Last 2-year

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Ankita Pareek
Ankita Pareek
Content Writer

On Thursday, Samsung Electronics reported its highest profit in the last two years. The newly launched Galaxy S7 corroborated itself as an extremely fruitful product for the company.

Second-quarter net profit rose 1.7% from a year earlier to 5.85 trillion Korean won ($5.2 billion), while operating profit rose 18% from a year earlier to 8.14 trillion won. On the other hand, the company saw a 4.9% increase in revenue to 50.9 trillion won.

Also Read

Galaxy S7 has some lucrative components, such as high-end displays called OLED that are used as screens for premium smartphones. Samsung is going to announce some large-screen smartphones to distract the end-user from the new iPhone launched by Apple.

Many presumptions say that its ratiocination is that in earlier days, it faced twin challenges from the popularity of Apple Inc.’s iPhones and the rise of low-cost Chinese smartphone makers.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

The operating profit of Samsung jumped to 57% in the second quarter from a year earlier to 4.32 trillion won. The operating profit margin from the division rose to 16.3%, its highest level in more than two years. In conjunction with this, there is also fall in the company’s components profit by 28% because of an incline in the sale of chips and display panels.

The tech major foresees more and more benefits in the coming years. And planning to ramp up investment in organic light-emitting diode panels and NAND flash-memory chips, citing “strong market demand” for the two products.  

Apple shipped roughly 40 million iPhones for a 12% share, while China’s Huawei Technologies Co., which said Tuesday that it shipped about 60.6 million smartphones in the first half of the year, came in third with a 9% market share, Research firm Canalys said. In comparison with these, Samsung shipped 80 million in the second quarter of the year, which is 24% of the global market.

Samsung said that it would buy back 1.8 trillion won in shares over the next three months to round out a $10 billion share buyback program that the company first announced in October last year.

Samsung is now planning for Galaxy A and J series devices and a new Galaxy C series that is just for China.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly  OpenAI Releases Tool To Detect AI-generated Text
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022