Samsung Electronics announced Thursday that it earned an operating profit of over eight-trillion won in the second quarter of this year, up about 21-point-three percent from six-point-eight trillion won a quarter earlier.
 
This comes as a surprise for the market, which previously predicted a quarterly operating profit of about seven-point-four trillion won on average.
 
During the second quarter, the electronics giant earned 50 trillion won in sales, an increase of zero-point-four percent from the previous quarter.
 
A Samsung Electronics official said that the jump is attributed to growing sales of the new Galaxy S7 smart phone and the company’s decision to drop cheaper models, which are targeted by Chinese makers.