Samsung Profit Beats Estimates as Early S7 Smartphone Release Pays Off
- Latest smartphone model fuels gains in net income, sales
- Shares decline as analysts see few new hits on horizon
Koh Dong Jin, president of mobile communications at Samsung Electronics Co., speaks during a media event in Seoul, South Korea, on Thursday, March 10, 2016.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Samsung Electronics Co.’s first-quarter profit benefited from the early release of its newest smartphones, yet left investors wondering whether the industry is running out of steam as it seeks a new hit product.