This morning, Samsung released its financial forecast for the first fiscal quarter of 2016. According to the financial report, Samsung's operating profit in the first fiscal quarter increased by 10.4% year on year, exceeding analysts' expectations.

Samsung said that its operating profit from January to March this year could reach 6.6 trillion won (about 5.72 billion US dollars), exceeding analysts' expectations of 5.53 trillion won. Meanwhile, the company's revenue in the first quarter was 49 trillion won, higher than the 48.8 trillion won expected by analysts. Samsung's financial forecast is also higher than any independent analyst's forecast. Affected by this positive effect, the stock opened 1.2% higher today.

The sales volume of Samsung Galaxy S7 series reached 9 million in the first month of its launch, about three times that of last year's s6 series, which also led to an increase in financial expectations. Samsung said that it would continue to streamline its smartphone product line and focus more on important products. More detailed information will not be known until Samsung's full financial report for the first fiscal quarter at the end of April.