Yet again, Samsung has done its sales magic, making it possible this time around with its latest Galaxy S release. Despite a pronounced slowdown in the high-end market, the 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 Galaxy S7 Smartphones. 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. Source
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