Samsung's profit rises with Galaxy S7, S7 Edge sales


Submitted by alvin on Thu, 2016-04-28 12:59 New Delhi: South Korean multinational conglomerate company Samsung Electronics has announced its earnings for the first quarter of 2016 and their profit rose significantly with the sale of their latest flagship devices Galaxy S7, S7 Edge. Samsung stated that the profit growthwas due to early launch and successful sales of the well-receivedGalaxy S7 and S7 Edge smartphones. The company's mobile division witnessed a 42 percent jump in operating profit. The news of rise in profit for Samsung comes at a time when its rival Apple just posted its first-ever iPhone sales decline in 13 years. Apple's revenue declined around the globe, including in China, which had been the major engine of growth for the company. (ANI)