Skip to main content

Samsung Sees Strong Galaxy S7 Sales, Unveils New Galaxy Wide

Just a few months after releasing its flagship Galaxy S7 and Galaxy S7 Edge smartphones, Samsung is expected to report that strong sales of those devices have contributed to its best quarterly earnings in over two years. The South Korean company is set to report its second-quarter financial results Thursday.

Samsung is also reportedly ready to launch another new Galaxy phone, the 5.5-inch Wide (pictured above), in its home market later this month. No details have yet been released on whether the Wide, priced at around $275, will be available in other markets.

New details, however, have apparently leaked out about another coming Samsung device, the Galaxy Note 7. India-based iGyaan reported today that according to an internal Samsung memo it had obtained, the Galaxy Note 7 will come with an improved S Pen stylus and updated Bluetooth LE.

Best Profits Since Early 2014

First released in March, the Galaxy S7 and Galaxy S7 Edge became available in unlocked versions in the U.S. Thursday. The devices, priced at $670 and $770, offer water and dust resistant features as well as advanced dual-pixel camera technology, improved battery life and Samsung Knox mobile security.

The Galaxy S7 phones have seen "robust" sales that have generated second-quarter profits of $6.8 billion, Samsung's best numbers since early 2014, according to a Thompson Reuters analyst survey released today. The report cited estimates placing Galaxy S7 shipments at around 16 million between April and June.

Although Samsung is the largest smartphone company in the world, the company has seen increased competition from Android firms based in China that offer less expensive devices. Samsung has also been struggling to boost the profitability of its mobile business.

Flexible Devices Could Shake Up Market

Samsung saw a year-over-year decline of 0.6 percent in global smartphone shipments, according to the most recent Worldwide Quarterly Mobile Phone Tracker from the analyst firm IDC, released in April. However, the report noted that early sales figures show the company's bet on its new Galaxy S7 and S7 Edge "looks to have paid off."

Samsung's U.S. sales have been particularly strong, according to the company's new Sustainability Management Report. Released Sunday, the report shows that the United States accounted for 34 percent of the company's global revenues in 2015 and sales in the U.S. are continuing to grow, while sales have dropped in Europe and China.

The company could also see a strong sales boost sometime next year, when it's expected to release two new foldable smartphones. Samsung is planning to launch devices with flexible OLED (organic light-emitting diode) displays, including a five-inch phone that can unfold into an eight-inch display, according to a report published last month by Bloomberg.

Samsung, along with LG, are generally considered the leading makers of flexible-display technologies. In addition to producing curved computer monitors and curved-screen TVs, Samsung has also recently demonstrated a prototype display with a rollable OLED screen.

Image Credit: Samsung/Flickr.


Source: Samsung Sees Strong Galaxy S7 Sales, Unveils New Galaxy Wide

Comments

Post a Comment

Popular posts from this blog

Samsung is building a revolutionary ROLL-UP smartphone

GETTY • US PATENT OFFICE Example of a flexible display, LEFT, and the illustrations filed with the Samsung patent, RIGHT Samsung has been awarded a US patent for a brand-new foldable, rollable display to use across its smartphone and tablet ranges. The South Korean technology firm recently used its flexible display technology in the award-winning Galaxy S6 Edge, which has a dual curved QHD screen. However this latest patent, which was published by the United States Patent and Trademark Office, shows the company has bolder ambitions for its curved displays. The illustrations filed with the approved patent reveal a cylindrical hub, which houses the rolled display – which unfurls like a pair of window blinds. US PATENT OFFICE The US patent contains a futuristic cylindrical smartphone with a roll-up display Users then pull a tab at the end of the multitouch display to unroll it from the hub and use the full screen real estate available on the tablet or smartphone. To achiev
Post a Comment
Read more

The Samsung Galaxy Note7 (S820) Review

This year has been difficult for smartphones, which is a bit of a paradox when you consider just how much better things have gotten compared to last year. With Snapdragon 820, 650, 652, and 625 we've finally moved past the shadow of the Snapdragon 810, 808, and 617/615. While there were Android devices that shipped with the Exynos 7420, they were often paired with a modem that was not necessarily the most power efficient. Despite all of this, there seems to be a general disappointment with smartphones. People are increasingly finding it hard to justify phones like the HTC 10 or Galaxy S7 with competition from OnePlus, Xiaomi, and even Apple with their iPhone SE. In this context the Galaxy Note7 brings much of the flavor of the Galaxy S7 edge, but blends it with the S-Pen of the Note line and a few new features like the iris scanner. If you were paying attention to the industry with the launch of the Galaxy S6 and Galaxy Note5, it's very much more of the same rather than the m
Post a Comment
Read more

Why do Android fanboys hate admitting that Samsung copied Apple?

It's impossible to cover the mobile market without diving into the good ol' "iOS vs. Android" debate from time to time. These are the two biggest mobile platforms on the planet, so they're constantly being compared. Likewise, Samsung and Apple are the world's top two smartphone vendors, so their phones are constantly pitted against each other as well. Of course, there's another reason Apple and Samsung are often mentioned in the same breath: after entering the market, Samsung quickly grew to become the top mobile device maker on the planet thanks in large part to Apple. First, Samsung did everything it possibly could to copy Apple's iPhone and iPad. Then, it spent billions upon billions of dollars belittling Apple products in TV, online, and print advertising. Samsung spent years positioning its own devices as the cool alternative to Apple's iPhone, and its efforts paid off big time. Even now, Samsung continues to copy Apple all the time acro
Post a Comment
Read more