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Samsung surpasses NVIDIA to become the world's most profitable company.
BlockBeats News, July 7, according to Gelunhui, Samsung Electronics disclosed in its preliminary earnings report that its operating profit for April to June this year is expected to reach 89.4 trillion won, about $58.4 billion, setting a new quarterly historical record, up 56% quarter-on-quarter, and higher than analysts’ previous average estimate of 84.2 trillion won.
In the same period, Samsung Electronics’ revenue is expected to reach 171 trillion won, exceeding the market estimate of 169.2 trillion won, and up about 129% year-on-year. The company plans to release its full financial report on July 30, at which time it will disclose net profit and data classified by each business segment.
Reports say Samsung Electronics’ quarterly operating profit has surpassed Nvidia, making it the company with the highest quarterly operating profit globally. The image shows that in the quarterly operating profit ranking of major technology companies, Samsung Electronics ranks first with $58.4 billion, Nvidia ranks second with $53.5 billion, Alphabet (Google) ranks third with $39.7 billion, Microsoft ranks fourth with $38.4 billion, and Apple ranks fifth with $35.9 billion.