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Samsung's Q2 Earnings Best in Two Years with Shipments Soaring Past Apple's iPhone

10.5  PA  XTRA NEWS
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Samsung Electronics officially stated earlier today that it had shipped about 90 million handsets in the April-June period with smartphones making up more than 80 percent of the total. Samsung's second-quarter smartphone shipments are estimated at about 72 million units, almost doubling its archrival Apple's iPhone shipments of 40.4 million units during the same period.

 

Thursday's forecast-beating earnings results were the best in two years after being crushed by Apple's iPhone 6 mania sales period that introduced their first phablet the iPhone 7 Plus.

 

The Galaxy S7 and S7 Edge smartphones drove the profit gain. The company launched the latest versions of its flagship smartphones in March, several weeks sooner than it did last year. Early launches helped Samsung report strong sales during the first quarter, and the latest results dispelled doubts it could sustain the momentum during the second quarter, since consumers continued to snap up new phones in the spring. For in-depth statistics on their quarter, see the full Samsung press release here.

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To keep the momentum going, Samsung will be releasing the new Note 7 next Tuesday in a special event in New York City where it's widely believed they will introduce an iris scanner which recognizes 266 traits versus a fingerprint which recognizes 40 traits. Samsung filed for 'Galaxy Iris' and 'Galaxy Eyeprint' trademark is June of this year.

 

HP will be introducing an iris scanner on their new Windows 10 smartphone at the end of August.

 

10.6  PA - Bar - Xtra News

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