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First Samsung can beat Apple in the operating profit

The profit of Samsung for the II quarter for the first time to exceed the same indicators Apple. Driver have a good sale smartphone Galaxy S8, and the growth of demand for OLED displays — including those from Apple, which is preparing for the release of the iPhone 8. This is reported by analysts.

The company expects to significantly increase revenue and profit. According to Reuters, Samsung’s operating profit in the II quarter will be a record of 13.29 trillion won (11.5 billion dollars), while revenue will exceed 58.8 billion won (48 billion dollars).

If estimates are correct, Samsung’s operating profit to grow by 63% yoy. This will also mean that for the first time, Samsung will pass Apple’s quarterly earnings.

Apple is expected to report net profit in the amount of 10.49 billion dollars and revenue of $ 44.9 billion

Some analysts are even more optimistic. Jeff Kim of KB Securities suggests that the South Korean company earnings will amount to 13.4 trillion won ($12 billion).

In the report Samsung will be first reflected the impact on financial performance of the company’s new flagship — Galaxy S8, which the company introduced in March.

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