Strong demand for the and the has allowed Samsung's mobile division to record its highest profit in nearly two years. The South Korean manufacturer posted an overall revenue of 49.78 trillion won ($43.46 billion), an increase of 5.7% from the same period a year ago. Operating profit at 6.68 trillion won ($5.84 billion) was 12% more than what Samsung recorded in Q1 2015.
Profits from the mobile unit soared by 42%, with the business netting an operating profit of 3.89 trillion won ($3.4 billion) over revenues of 27.60 trillion won ($24.12 billion). Looking forward to the second quarter, Samsung "softening demand in the smartphone market and negative growth in the tablet market," and as such the vendor will focus its attention on the entry-level Galaxy J series and the budget Galaxy A series to drive up sales in emerging markets.
Profits from the mobile unit soared by 42%, with the business netting an operating profit of 3.89 trillion won ($3.4 billion) over revenues of 27.60 trillion won ($24.12 billion). Looking forward to the second quarter, Samsung "softening demand in the smartphone market and negative growth in the tablet market," and as such the vendor will focus its attention on the entry-level Galaxy J series and the budget Galaxy A series to drive up sales in emerging markets.