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Samsung reports fastest growth in three years following Apple’s big miss

April 28, 2016

Remember how Apple got a little crafty and bulked up its holiday quarter by playing around with the iPhone 6s launch? Well guess what happened when Samsung shifted its Galaxy S7 launch earlier in the year — you got it, a big performance boost in the first quarter. Hot off of Apple’s first ever quarterly decline in iPhone sales, Samsung reported first-quarter earnings on Thursday morning that showed a healthy 14% rise in profit.

The company had strong Galaxy S7 and Galaxy S7 edge shipments to thank for the performance boost, which marked Samsung’s strongest profit growth in three years.

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