Citibank: Samsung to ship 46 million Galaxy S6 units this year
Samsung is pushing its factories to meet the unexpectedly high demand for Galaxy S6 and Galaxy S6 edge. It will produce 13 million units instead of 12 million (as initially planned) in the March-April period. Analyst Henry H Kim from Citibank has revised his estimate of the total number of Galaxy S6 devices to be shipped this year.
The initial prediction was for 38 million Galaxy S6 and S6 edge phones total, this has since been bumped up considerably to 46 million.
The bank still expects Samsung's profits for this quarter to drop slightly (1%) due to seasonality (things like the Chinese New Year), but for the second quarter of this year the forecast is for a 39% jump in quarterly profits.
The Samsung Galaxy S6 and S6 edge will contribute to that, but the analysts sees the increased popularity of the Galaxy brand to benefit mid-range and even low-end models. All of this will have a positive impact on Samsung's component business as well.
Reader comments
- Anonymous
- s5j
"Samsung = space age technology Apple = stone age technology" Hahaha... Or otherwise, can we say Samsung = cutting edge technology, Apple = falling off the edge technology. Lol, Lol
- Anonymous
- t7X
I bet haters would still get these gorgeous Samsung Galaxy S6 phones. They just talk bad things about theses phones because they cannot have one. Sad to say but that is the truth. Haters gonna hate. Lol
Tip us
2.0m 150k
RSS
EV
Merch
Log in I forgot my password Sign up