Samsung Overtakes Apple To Become World's Biggest Phone Maker | FASTBAZE.com

Samsung Overtakes Apple To Become World's Biggest Phone Maker

 

Samsung Electronics has overtaken Apple to become the world’s largest maker of mobile phones, memory chips and the most profitable tech firm.
The South Korean tech giant's quarterly earnings was released on Thursday and the figures show that Samsung is on course to overtake Apple as the world’s most profitable tech firm. The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the jump in April-June and predicted another blockbuster report for the current quarter to September.
Samsung pulled in 61 trillion won ($54.8 billion) in revenue and 14 trillion won ($12.6 billion) in profit for the three months ending June 31. Apple will release its earnings for the same period next week. Analysts expect the Apple to report revenue of $44.9 billion and an operating profit of $10.5 billion.

Also Read: 10 Best Gaming CPU (Reviewed March. 2018) with Buying Guide

Though Samsung is the world's leading smartphone maker, it was bumper demand for memory chips that drove the company's earnings to new heights. The chips unit posted 8 trillion won ($7.2 billion) in operating profit, or nearly half the group's total. Analysts expect the momentum to continue for the rest of the year, driven by the release of Samsung's next smartphone, the Galaxy Note 8, and sustained demand for memory chips.

Image result for samsung and apple

However, Greg Roh, an analyst at HMC Investment Securities, told AFP: "Samsung has surpassed its rivals for now but Apple usually sees little fluctuation in its profits whereas Samsung's profits fluctuate largely on memory chip prices."
Reactions: 

Related

tech 369790235821253748

Post a Comment

Join our mailing list Never miss an update

Hot in week

RECENT

COMMENT


DISCLAIMER

Fastbaze.com do not Claim the ownership of any Audio or Video uploaded here, this is also found on our privacy policy page but they are uploaded here for the owners interest and favour of the artist. Any copyright complain should be mail to Eprince2020@@gmail.com Call +234 8131645475 For Fastbaze Music Promotion and Advert Placement.

ABOUT FASTBAZE

Fastbaze is a Entertainment, gist and music site that educates, informs, enlightens and offer helps in various form, also for business.....you can mail us via eprince2020@gmail.com or 08131645475(Whatsapp).
item