Samsung is among the biggest names in the markets of technology. The company has been innovating a number of aspects in the way we know the business of consumer electronics to be. They are also the biggest names in the Android smartphone markets, and continue to impress. Samsung, despite having two not-so-incredible years, has bounced back into the markets in 2016. The year was just fantastic for Samsung, and the company has managed to bounce back, better than what the past two years have been for them. Samsung, with the Samsung Galaxy  S7, S7 Edge, and Samsung Galaxy Note 7, have managed to take their profits to the next level.

The Samsung Galaxy Note 7 in particular is something the company was aiming to help them get another boost. While in the past, the Samsung Galaxy S7 and S7 Edge helped them power through the second quarter, the Samsung Galaxy Note 7 will help them take that momentum one step forward, and into the third and fourth quarter of the year.

Based on a statement given by Samsung to Reuters, the company has said that the demand has now exceed the supply for this smartphone. “As pre-order results for the Galaxy Note 7 have far exceeded our estimates, its release date in some markets has been adjusted,” Samsung told Reuters in a statement.

Samsung Galaxy Note 7 is also a tool for Samsung to combat against the competition imposed upon them by Apple. Apple is all set to launch the iPhone 7 in the weeks to follow. Samsung, with the Samsung Galaxy Note 7, will get an early boost ahead of Apple’s launch. Samsung has now been working towards boosting their production, and towards ensuring that the supply meets the demand, as early as possible. It does look like Samsung is all set for a strong result in the upcoming quarters!