Samsung Positive With Earnings Guidance

Samsung Electronics’ earning guidance for Q2’16 is higher than expected. According to the company, revenues are up about 3% YoY to KRW49.8 trillion ($43.1 billion), and profits are up 17% to 6.7 trillion ($5.8 billion). It is thought the sales of the S7 and S7 Edge, which have higher profit margins than Samsung’s older phones, have been better than expected.