Many thought that the problem with Samsung Galaxy Note 7 could seriously affect Samsung in its future economic future. However the news that we received today with the financial results of Samsung we see that Samsung beats Apple as the most profitable company of the moment.
Long within the economic industry, it was advancing that Samsung could give this quarter a blow on the table showing results record for the company. It has finally confirmed that the last three months are one of the best periods in terms of benefits for the Korean manufacturer.
And is that throughout the second quarter of 2017 Samsung has generated a net profit of 9.9 billion dollars. To place in space and time what this figure supposes is enough to have a look at the same period of the previous year. If we compare them we see how the technology company enjoys an 89% increase in total profits. This is due in part to the revenue growth of the brand, which at $ 54.8 billion, grows compared to the $ 45.763 billion revenue that showed Samsung the same quarter last year.
Samsung overtakes Apple
Taking into account that Samsung not only lives from the sale of mobile phones, the company has grown in all segments, both in the semiconductor and in the sale of portable devices. In fact, the sale of components for other brands such as Sony or Apple itself accounts for 70% of those benefits that the brand has obtained in the second quarter of the year.
After the problems experienced with the Samsung Galaxy Note 7, it has been shown that the change of design and the new developments applied to the top of the range of the brand have meant that sales of the Samsung Galaxy S8 have surpassed even those of the Galaxy S7. Bringing together all of the manufacturer’s smartphone sales, revenue generated by the brand has been $ 26.950 billion, up 13% on the same period last year.
All these figures assume that the brand has become the most profitable in the world at the same time. Put another way, and fueling the fire of war between the major technology companies on the international scene, Samsung currently beats Apple as the most profitable company of the moment.
We will see who ends up winning at the end of the year after the launch of the expected Samsung Galaxy Note 8 and the iPhone 8 that will celebrate the tenth anniversary of the first iPhone marketing.