Samsung Electronics overtakes Apple in terms of profit margins in Q2
For the first time, Samsung Electronics has surpassed Apple in terms of profitability.
Apple's earnings report for the second quarter of 53-point-3 billion U.S. dollars in sales and 12-point-6 billion in operating profits.
That's a ratio of 23-point-7 percent.
But the Korean tech giant in the second quarter posted a margin of 25-point-4 percent.
Samsung was already creeping up on Apple in the first quarter, behind by just two tenths of a percent.
Samsung's profits in the second quarter were driven more by its chip business than smartphones.
It posted sales of 52 billion dollars... and profits of 13-point-3 billion.
Apple's earnings report for the second quarter of 53-point-3 billion U.S. dollars in sales and 12-point-6 billion in operating profits.
That's a ratio of 23-point-7 percent.
But the Korean tech giant in the second quarter posted a margin of 25-point-4 percent.
Samsung was already creeping up on Apple in the first quarter, behind by just two tenths of a percent.
Samsung's profits in the second quarter were driven more by its chip business than smartphones.
It posted sales of 52 billion dollars... and profits of 13-point-3 billion.
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