Anyone who thought that Samsung is losing ground to its competitors needs to check their facts again because they have apparently done very well in Q1 2016, as made evident by a 10.4% growth in profit. The impressive figure of $43.3 billion or ₩49 trillion in terms of first quarter sales is a significant increase over 2015's quarter one sales which was $40.7 billion or ₩47.1 trillion.
The profit made from these sales so far in 2016 is even more impressive as the $5.7 billion (₩6.6 trillion) figure shows an increase of 10.45% from last year. Although it is not mentioned anywhere specifically, one can pretty much guess that the incredibly well received Samsung Galaxy S7 and S7 Edge played a very big role here. It was to be expected once you consider that Samsung has shipped over 10 million Galaxy S7s in the month of March alone!
If these numbers are any indication of what's to come then this is going to be a very big year for the South Korean Electronics giant. We do think that the Galaxy S7 is a fantastic smartphone and the sales figure is probably well deserved.