Joined: Dec 27, 2006
Posts: > 500
From: Johannesburg, South Africa
Samsung Electronics’ Q2 operating profit is projected surpass that of Apple. In fact, it’ll be more in line with Facebook, Amazon, Netflix, and Google’s operating profits put together.
To put it in perspective, Samsung Electronics’ biggest rival, Apple, is estimated to have made $10.55 during the same quarter; in fact, Samsung’s $11.6 to $12.3 billion figure is said to be similar to the operating profits of Facebook, Amazon, Netflix, and Google combined. The total operating profits from these four companies during Q1 was around $11.15 billion. Other large corporations like Exxon Mobil and Walmart are unlikely to pass the $10 billion mark, the report claims.