The Samsung Q2 results have been announced and the company had revenue of KRW 50.94 trillion for the quarter, this is up KRW 2.40 trillion for the same period last year.
Samsung has said that its growth was led by strong performance in its set and component business and also in its mobile division.
Looking ahead to the second half of 2016, the company expects its solid performance to continue compared to the first half, mainly driven by earnings increase in the component business due to sales growth in high value-added products and stable demand and supply conditions. The set business is expected to continue its stable earnings while the IM Division expects marketing expenditure to increase.
In the third quarter, the company expects the component business to maintain its solid performance due to improved demand and supply conditions for memory chips and LCD panels and stable earnings for OLED and System LSI. For the set business, the company forecasts marketing expenditure for the IM business to increase mainly due to a new flagship product launch and fierce competition in the industry. Meanwhile, weak seasonality is likely to impact the CE business.
Obviously increased sales of the Samsung Galaxy S7 and S7 Edge have helped the Samsung Q2 Results, you can see more details over at Samsung at the link below.
Source SamsungFiled Under: Technology News, Top News