It would appear Samsung has done its sales magic yet again. Despite a pronounced slowdown in the high-end market, its Galaxy S7 duo has managed to exceed sales expectations.
The figures are far from final, but according to Jay Yoo, industry analyst at Korea Investment & Securities, Samsung has already exceeded the initial 7 million unit estimate and has managed to ship around 9.5 million S7 phones. This has mandated some major forecast recalculations, which has naturally attributed for a raise in share value – 2.4% on Wednesday in an 18-week high.
It appears that the similarities with the Galaxy S6 line were not a deterring factor, as the prevailing opinion went, but rather a logical foundation, on which Samsung managed to construct two very appealing devices. The lack of major redesign has also helped lower production costs, so that will probably help boost profits as well.
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THE SAMSUNG GALAXY S7 IS SELLING BETTER THAN EXPECTED WITH 10 MILLION UNITS MOVED IN MARCH – READER COMMENTS
- Joonius
- 86uT
- 06 Apr 2016
Hilarious, nice brainless analogy. They make profits every report. Yeah, sometimes they are down, sometimes they are up. There’s definitely no patterns pointing downward any faster than industry avg. The same industry avg Apple is facing.
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- Harmonica
- 6i%m
- 06 Apr 2016
their strategy is just blow horn after the flagship got announced .. they are yet to give official figures for S4 , S5 and S6 so far and also for note 4 and 5.. surprisingly samsung keeps low key for S7 sales clearly proves that it could be a…
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- DEMO IS UNIQUE
- CnMI
- 06 Apr 2016
Sir, i drew this conclusion only after reading all the statements of officials of Samsung. Now you can get me? I work in my analysis, only “customer declarations”. I will acknowledge reality soon. Have a good day.
[“source-Gsmarena”]
