By Martin Gøttske
A booming chip market and the mobile segment regaining strength is set to help Samsung Electronics report its best-ever quarterly profit in the second quarter and the South Korean tech giant will likely to overtake Apple as the world’s most profitable company.
Samsung estimates that it posted 60 trillion won (51 billion USD) in sales and 14 trillion won in operating profit in the April-June period, which are increases of 17.79 per cent and 71.99 per cent, respectively, from the previous year.
Samsung’s quarterly revenue is larger than the total GDP of North Korea. When calculated based on daily performance, Samsung earned 6.3 million won per hour from April to June. The company has announced plans to invest 18 billion USD to expand and upgrade its chip plants in South Korea, with the aim of extending its lead in the market.
The Korea Herald: