The Samsung Galaxy S7 is selling better than expected with 10 million units moved in March
It would appear Samsung has done its sales magic yet again. Despite a pronounced slowdown in the high-end market, its Galaxy S7 duo has managed to exceed sales expectations.
The figures are far from final, but according to Jay Yoo, industry analyst at Korea Investment & Securities, Samsung has already exceeded the initial 7 million unit estimate and has managed to ship around 9.5 million S7 phones. This has mandated some major forecast recalculations, which has naturally attributed for a raise in share value - 2.4% on Wednesday in an 18-week high.
It appears that the similarities with the Galaxy S6 line were not a deterring factor, as the prevailing opinion went, but rather a logical foundation, on which Samsung managed to construct two very appealing devices. The lack of major redesign has also helped lower production costs, so that will probably help boost profits as well.
Reader comments
- AnonD-524199
- u7I
Even though s7 is a great phone i like the lg g5 more. I feel g5 is more innovative of the two. While s7 is evolution of s6, G5 can be termed as a revolution. I am too old to be a fanboy of any manufacturer, but given the choice i will have the g5 wi...
- AnonD-364786
- 6i%
if you think that their smartphones profits falling from 6 or 7 billion dollars to 1.5 billion dollars , then i dont think any sane person can convince you ;-) brilliant
- AnonD-5197
- 86u
Hilarious, nice brainless analogy. They make profits every report. Yeah, sometimes they are down, sometimes they are up. There's definitely no patterns pointing downward any faster than industry avg. The same industry avg Apple is facing.
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