Samsung recognizes 10% hop in first 1 / 4 operating profit
South Korea's Samsung Consumer electronics is forecasting a 10% bounce in operating earnings for the first one fourth.
The world's major smartphone manufacturer has said its operating earnings in the January to March period is likely to reach 6.6 trillion Korean won ($5.6bn; ?3.9bn).
For the same one fourth in 2015, Samsung's operating income was at 6tn won.
The improved prospect comes amid records of strong sales of its latest flagship smartphone models, the Galaxy S7.
Samsung is also estimating a leap in sales to 49tn acquired, a growth of 4%.
The business will record its full first 1 / 4 results later this month. If Samsung meets its guidance, it might be a turnaround from the wages slump in the ultimate quarter of this past year.
Strong competition from cheaper Chinese language competitors such as Xiaomi and Huawei in the bottom of the marketplace, as well as Apple at the high grade end, has put Samsung's smartphone sales under great pressure.
Samsung stocks in Seoul closed down down 1.25%.
The world's major smartphone manufacturer has said its operating earnings in the January to March period is likely to reach 6.6 trillion Korean won ($5.6bn; ?3.9bn).
For the same one fourth in 2015, Samsung's operating income was at 6tn won.
The improved prospect comes amid records of strong sales of its latest flagship smartphone models, the Galaxy S7.
Samsung is also estimating a leap in sales to 49tn acquired, a growth of 4%.
The business will record its full first 1 / 4 results later this month. If Samsung meets its guidance, it might be a turnaround from the wages slump in the ultimate quarter of this past year.
Strong competition from cheaper Chinese language competitors such as Xiaomi and Huawei in the bottom of the marketplace, as well as Apple at the high grade end, has put Samsung's smartphone sales under great pressure.
Samsung stocks in Seoul closed down down 1.25%.
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