Samsung Electronics’ flagship Galaxy S7 smartphones and sales of its mid-range devices in emerging markets have likely helped the company boost its operating profit in the first quarter.
The South Korean company forecast Thursday that its operating profit for the quarter was likely to be 6.6 trillion won (US$5.7 billion), an over 10 percent increase from close to 6 trillion won in the same quarter last year.
Revenue likely increased 4 percent in the quarter to 49 trillion won, according to the company’s guidance.
