Securities industry sources cited in a new report suggest that Samsung Electronics' IT and mobile division is going to post an operating profit this quarter between $2.76 billion and $3.03 billion which would be a 22% increase quarter-over-quarter but a 24% slump year-over-year. This performance is attributed to low actual sales of the Galaxy S6 and with hopes for the next quarter being pinned on the Galaxy Note 5.
Samsung is expected to launch the Galaxy S6 edge Plus in the near future, it's a new model which has a slightly larger display, larger battery as well as a Snapdragon 808 processor. The Galaxy Note 5 will arrive before the new iPhones and it's bound to give those handsets a run for their money, Samsung will also be counting on this device to improve its fortunes in the global smartphone market.
