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Samsung tips higher second-quarter profit on Galaxy S6 sales

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Tech News - Samsung's renewed focus on design after a period of stagnation in its smartphone range appears to be paying dividends, with researcher Strategy Analytics saying the South Korean giant overtook Apple Inc as the world's top smartphone maker in the first quarter.

"Galaxy S6 sales have been going as well as expected, while demand for the Galaxy S6 edge have been better than anticipated," Samsung Vice President Park Jin-young said during a conference call.

The firm reported a January-March operating profit of 6 trillion won ($5.64 billion), in line with the 5.9 trillion won profit it had guided for earlier this month and the highest in three quarters.

Earnings for April-June should continue to rise, it said, with the two Galaxy S6 models - featuring new design flourishes like metal bodies - likely to break the company's sales record.

Samsung shares have slipped in recent weeks on concerns that the Galaxy S6 phones, on sale since April 10, may not sell as well as first hoped.


Source:  Gadgets Reviews India and Auto News  
 
 
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