It appears Samsung'sis still the phone to beat.
The world's largest smartphone maker on Wednesday reported its strongest earnings in two years, fueled in part by sales of Galaxy S7 and .
Samsung said net income rose 2 percent year over year to 5.85 trillion won ($5.1 billion) for the three-month period ending June 30. Analysts were estimating net income of 5.64 trillion won, according to Bloomberg. Revenue for the second quarter rose about 5 percent to 50.94 trillion won ($45 billion), Samsung said.
Despite a sluggish smartphone market overall, Samsung said operating profit for its mobile division rose to 4.32 trillion won ($3.8 billion) during the period. Strong sales of its high-end Galaxy S7 phones lead the way, the company said, but it was also bolstered by sales of its mid- and low-end phones.
Apple, Samsung's main rival, on Tuesday reported a continuing decline in iPhone sales.