Just a few months after releasing its flagship Galaxy S7 and Galaxy S7 Edge smartphones, Samsung is expected to report that strong sales of those devices have contributed to its best quarterly earnings in over two years. The South Korean company is set to report its second-quarter financial results Thursday.
Samsung is also reportedly ready to launch another new Galaxy phone, the 5.5-inch Wide (pictured above), in its home market later this month. No details have yet been released on whether the Wide, priced at around $275, will be available in other markets.
New details, however, have apparently leaked out about another coming Samsung device, the Galaxy Note 7. India-based iGyaan reported today that according to an internal Samsung memo it had obtained, the Galaxy Note 7 will come with an improved S Pen stylus and updated Bluetooth LE.
Best Profits Since Early 2014
First released in March, the Galaxy S7 and Galaxy S7 Edge became available in unlocked versions in the U.S. Thursday. The devices, priced at $670 and $770, offer water and dust resistant features as well as advanced dual-pixel camera technology, improved battery life and Samsung Knox mobile security.
The Galaxy S7 phones have seen “robust” sales that have generated second-quarter profits of $6.8 billion, Samsung’s best numbers since early 2014, according to a Thompson Reuters analyst survey released today. The report cited estimates placing Galaxy S7 shipments at around 16 million between April and June.
Although Samsung is the largest smartphone company in the world, the company has seen increased competition from Android firms based in China that offer less expensive devices. Samsung has also been struggling to boost the profitability of its mobile business.
Flexible Devices Could Shake Up Market
Samsung saw a year-over-year decline of 0.6 percent in global smartphone shipments, according to the most recent…