Samsung Galaxy C7 Pro likely to be launched in India today

Rodiano Bonacci
Aprile 21, 2017

The company said the operating profit for the first quarter was likely 9.9 trillion won ($8.8 billion USD).

It is forecasting a 48% rise in profits in the January-to-March period, thanks to strong memory chip sales. That overshadowed Samsung reporting quarterly profit of almost $9 billion - its highest in more than three years - and the start of pre-orders in South Korea for its newest flagship smartphone.

The photos shown here are of a Galaxy Note 7 that turned up in Vietnam, although it's not clear if the device was sold legitimately. The estimates for Q1 2017 reflect the strength Samsung is exhibiting in the market, despite the absence of flagship smartphones is the previous quarters.

Like the rest of the Galaxy C series, the newly launched Samsung Galaxy C7 Pro comes in with an impressive all-metal design that has become characteristic of the South Korean company's midrange phones.

Investors and analysts expect Samsung to report its best quarterly profit in April-June, with the Galaxy S8 smartphone hitting the market on April 21 in Samsung's first premium device launch since the Note7's withdrawal in October. Samsung was forced to recall it late a year ago after reports of the device overheating and exploding. An issue that caused Samsung's own Vice Chairman Jay Y. Lee to be arrested and he is now facing charges for bribing their former president Park Geun-hye. Most analysts suggest that Samsung's chip and display business is continuing to perform better than expectations, they are booming, to say the least.

Samsung's de facto leader is due to make his first appearance at court later Friday along with four other Samsung executives who were also charged on bribery and embezzlement.

Last month, Samsung announced plans to bring back the recalled Galaxy Note 7 in select regions.

Samsung's share price has also been performing well, climbing steadily over the last few months despite all the drama the company has been facing at home.

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