Analysts are now predicting that Samsung might post better-than-expected earnings for the first quarter of 2016 largely aided by the . First quarter operating profits for the Korean giant are expected to clock in at 6 trillion won or $5.14 billion, a nominal improvement over the 5.98 trillion won operating profit posted during the same period last year.
It was previously predicted that Samsung’s operating profit for Q1 2016 could drop to as low as the 4 trillion won mark owing to increased competition in the chip and home appliance markets. Brokerage houses are now making bullish estimates taking into account the across the globe. Combined shipments of the and the are believed to have crossed the 10 million market in just a couple of weeks following the release of the new flagships, the previously flagships . Samsung will provide its earnings guidance for the first quarter of 2016 on April 7.
It was previously predicted that Samsung’s operating profit for Q1 2016 could drop to as low as the 4 trillion won mark owing to increased competition in the chip and home appliance markets. Brokerage houses are now making bullish estimates taking into account the across the globe. Combined shipments of the and the are believed to have crossed the 10 million market in just a couple of weeks following the release of the new flagships, the previously flagships . Samsung will provide its earnings guidance for the first quarter of 2016 on April 7.