Technology content trusted in North America and globally since 1999
7,633 Reviews & Articles | 56,372 News Posts

Samsung is close to the world's most profitable company

Samsung is headed towards being the most profitable company in the world for Q2 2017
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jun 27, 2017 2:28 am

Whatever electronics device you own, it probably has something manufactured or made by Samsung in it, which would lead to the company eventually getting to the point where they are tipping towards becoming the most profitable company of Q2 2017.

 

samsung-close-worlds-profitable-company_01

 

According to ET News, Samsung will be showing off some record breaking numbers for Q2 2017 very soon, above the predicted $11.6 billion to $12.3 billion that analysts have Samsung pegged to announce. Samsung's main competitor Apple is poised to be under the South Korean's shadow in the financial fight with just $10.5 billion of earnings, very shy of Samsung's hefty lofts of $12 billion or more. Samsung hitting this amount would put them in the ballpark of the combined operating profits of tech industry giants Facebook, Google, Netflix, and Amazon - all expected to pull $11.1 billion.

 

Samsung's financial dominance comes from the fact that they have countless successful smartphones, tablets, notebooks, NAND, DRAM, AMOLED displays, and so much more. The likes of Apple and Google can't say that, especially in physical consumer products. Samsung, keep killing it.

NEWS SOURCES:Wccftech.com

Related Tags

Got an opinion on this news? Post a comment below!
loading