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Samsung profit tops estimates on Galaxy S7 demand

The smartphone model capitalises on a lull in new iPhones, boosts the firm's profit margins and stokes demand for its components

In the absence of a new iPhone, many carriers boosted marketing spending to drive purchases of the S7, shifting the cost of promotion away from Samsung.


SAMSUNG Electronics Co posted better-than-anticipated profit as continued demand for its Galaxy S7 smartphones helps turn its mobile devices business around.

Operating income rose to 8.1 trillion won (S$9.5 billion) in the three months ended June, the world's largest maker of