Samsung won't release its final Q1 2016 revenue figures until later this month, but its forecasts also show revenue up by 4 percent.
6 trillion won operating profit, according to Samsung.The 6 trillion won profit estimate is notable because it is higher than the 5.5 trillion won forecast by analysts surveyed by FactSet, according to an April 7 Associated Press report. Samsung's first-quarter improved performance that led to the upbeat forecast could be the result of higher sales due to the company's latest Galaxy S7 and S7 Edge flagship smartphones (pictured), which went on sale in March. n the third quarter. The company's fourth-quarter consolidated revenue was $44 billion (53.32 trillion KRW), up from the 51.68 trillion KRW in the third quarter. The fourth quarter ended Dec. 31, 2015.For the full year, Samsung reported total revenue of $166 billion (200.65 trillion KRW) and an operating profit of $22 billion (26.41 trillion KRW). That compares with 2014 revenue of 206.21 trillion KRW and operating profit of 25.03 trillion KRW.
- eWeek