Galaxy S7 Archive

Samsung reports highest profit for 2 years thanks to strong Galaxy S7 sales

Earlier this month Samsung forecast its most profitable quarter for two years, and today it delivered on that promise with its Q2 2016 results. The Korean tech giant reported a 8.14 trillion won ($7.22 billion) operating profit on revenue of 50.94 trillion won ($45.2 billion). That profit figure is up 18 percent year-on-year, while the quarter’s revenue represented a five percent annual increase. The company’s mobile division accounted for more than half of …