Samsung Electronics delivered strong results for the first quarter of 2016, thanks to sales of the Galaxy S7 and S7 Edge, its flagship smartphones.
The company’s operating profit grew 12 percent from the same period last year to 6.68 trillion (about $5.84 billion). Quarterly revenue was 49.78 trillion won, up 5.7 percent year-over-year. The final results were slightly better than Samsung’s own upbeat guidance, which it issued earlier this month.
The S7’s sales were helped by better pricing and an earlier release before competitors like Apple had unveiled their latest smartphones.
