Samsung in S7 boost brag

Samsung Electronics looks to be back in growth mode.

The company today offered guidance for its first quarter, predicting sales of about 49 trillion Korean won and profits of around 6.6 trillion won ($5.6bn; £3.9bn).

The well-received Galaxy S7 is suspected as the engine of the company's growth, with the new handset helping sales to go 2 trillion won past Q1 2015's effort and boosting profits by ten per cent. Sales are down a little compared to Q4 2015's 53.3 trillion won, but a little thing called “Christmas” tends to help in Q4. Even with the season for giving helping Q4 sales along, profit was 6.1 trillion won for Q4 so there should be smiles all round with this new result.