Samsung said it expects to report roughly $7 billion in operating profit during the second quarter of 2016 off $43 billion in revenue. That would mark the biggest quarterly operating profit for the company since early 2014 and an impressive 41 percent year-over-year jump in profits.
Samsung's rebound contrasts somewhat with Apple, as The Wall Street Journal noted. The iPhone vendor recently posted its first quarterly revenue decline in 13 years as growth in the worldwide smartphone market slowed to a crawl. And multiple analysts expect iPhone sales to fall year-over-year for the first time ever in 2016.
The South Korean company's success is largely due to the soaring sales of its Galaxy S7, of course. Samsung's flagship handset once again garnered rave reviews and wasn't hindered by the supply-chain hiccups that hampered sales of the S6. Just as important – in America, at least – was the carrier support that the Galaxy S7 has enjoyed. As sales continue to slow and smartphones inch their way toward becoming commodities, carrier distribution is still a huge advantage for reaching U.S. mobile users. Article