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No,Samsung has not passed Apple in Profitability
I saw a lot of leading publications(Business Insider especially) wrongly stating that Samsung passed Apple in Profitability- Answer is NO
Apple reported $6.9bn of net profits and $9.2bn of Operating profits.
Samsung meanwhile reported $8.33bn of Operating Profits.
Press is comparing Apple's net Income with Samsung's Operating profit - This is misleading as it does not include several other expenses like taxation and Interest/extraordinary expenses.
Additionally must remember, Samsung Electronics does much more than mobiles.
- codecrusade 13y agoI saw a lot of leading publications(Business Insider especially) wrongly stating that Samsung passed Apple in Profitability- Answer is NO Apple reported $6.9bn of net profits and $9.2bn of Operating profits. Samsung meanwhile reported $8.33bn of Operating Profits. Press is comparing Apple's net Income with Samsung's Operating profit - This is misleading as it does not include several other expenses like taxation and Interest/extraordinary expenses. Additionally must remember, Samsung Electronics does much more than mobiles.