Samsung has its fingers dug in several industries whether it is TVs, Laptops, Smartphones, LEDs, Cameras and dozens of other electronics there is no doubt that the company is having great 2017 when it comes to revenue generation. According to a report coming from Korea looks like Samsung might become world’s most profitable company in tech for the second quarter of 2017. The report also indicates that Samsung may surpass Apple’s earnings.
Most of the Revenue of Samsung come from NAND, DRAM and AMOLED Production Business
Even having well know or we should say best brand among smartphone might not contribute heavily to company’s profit generations.
Samsung will eventually release its financial results for the second quarter this year, the performance of the firm is going to be nothing like it is before. It claims that while the adjustments are going to be made in the upcoming report, it is possible that reported profit is much higher than the expected $11.6 billion to $12.3 billion.
Apple’s Second Quarter Earnings?
The same report suggests that Apple’s operating profits are set to be $10.5 billion revealing that Samsung is a most profitable brand in the tech industry in Q2 Earnings of 2017.
Comparing the earnings of other companies too, the report also states that the combined operating profits of Facebook, Amazon, Netflix, and Google are currently estimated to be at around $11.15 billion USD by the end of the second quarter, which is less than what Samsung is expected to generate.
As stated earlier, smartphones, tablets, and notebooks are not the primary revenue generator for the company since it has its hands dug in several industries ranging from NAND flash, DRAM, and AMOLED panels for mobile devices. Lots of companies, including Apple have either transitioned or will be transitioning to this display technology, leading to Samsung to generate an even higher operating profit.
Well, official news from Samsung newsroom is yet to come so we will wait for confirmation, if the news turns out to be true it will be a huge win for Samsung over Apple.