Samsung Electronics' operating profits expected to exceed $ 4.7 billion

Samsung Electronics is projected to see operating profits of more than 5.5 trillion won for the first quarter. This is higher than estimates by securities firms. The securities and electronics industries predicted on Monday that Samsung Electronics is likely to show higher performance than expected thanks to the success of the Galaxy S7 Edge and Galaxy S7 smartphones and weak won.

　

The previous estimate by 24 domestic stock agencies was an average of 5.1691 trillion won. Some of them suggested that the profits would be below 5 trillion won.

It seems that the early launch of the Galaxy S7 series, the company’s main line-up, has contributed to the improved profit results. The official take-off of the series was March 11 this year, a month earlier than the Galaxy S6 series, released on April 10, 2015. An industry expert said that the sell-out numbers were announced last weekend, and that the sell-out performance reached around 10 million, in addition to pre-orders.

“Galaxy S7 was not only launched to the market earlier than expected, but was also sold more than estimated,” said Jung Chang-won, an executive director of Nomura Securities. "The number of sales of the Galaxy S6 series was only around 3 million during last year’s first quarter, but that of the S7 series could be between 9 million and 10 million.”

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