Samsung says Galaxy S7 preorders better than predecessor's

Models hold Samsung Electronics Co.'s Galaxy S7 and Galaxy S7 Edge smartphones in Seoul, South Korea, on March 10, 2016.
Models hold Samsung Electronics Co.'s Galaxy S7 and Galaxy S7 Edge smartphones in Seoul, South Korea, on March 10, 2016. PHOTO: BLOOMBERG

SEOUL (REUTERS) - Tech giant Samsung Electronics has seen stronger preorder volumes for the new Galaxy S7 phones compared to last year's model, company co-chief executive JK Shin said on Friday (March 11).

Mr Shin did not offer specifics on the preorder volumes for the new phones, which began selling in South Korea and elsewhere on Friday.

The firm said on Thursday it expects the S7 models to sell better than the S6 models that launched last year.