Samsung may for the first time to circumvent Apple’s quarterly operating profit.
The South Korean electronics manufacturer Samsung Electronics Co. in the second quarter of 2017 increased operating profit by 72% compared to the same period last year, to a record high of 14.1 trillion won ($12.1 billion), according to preliminary calculations of the company.
Analysts polled by FactSet on average expected profit increase to 13 trillion won.
In addition, in the press release of Samsung Electronics, also said the expected revenue growth over April-June by 17.8% to 60 trillion won.
If Samsung forecast is justified, the company may first obtain quarterly profit more than Apple, according to CNBC. Analysts on wall street estimated Apple’s operating profit for the comparable period in $of 10.49 billion on revenue of $44.9 billion.
Recall that the capitalization of Apple Inc. May 9, exceeded $800 billion, a record for the company.
Samsung, which is the world’s largest manufacturer of smartphones, memory chips and televisions, was able to cope with the global downturn of the market of mobile phones. In addition, experts expect that in coming quarters the company’s revenue on the market for memory chips will grow, because none of the competitors can’t keep up with the pace of the investment by Samsung in the development of this business, notes the AP.
Samsung shares on Friday fell by 0.6%. The company’s market value since the beginning of year has grown almost on third – to 345,7 trillion won ($297 billion).
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