Items tagged with (nasdaqa:aapl)

Samsung is on the verge of becoming the most profitable technology company on the planet, a distinction that currently belongs to Apple. The South Korean electronics juggernaut tipped the media and investors that it expects to post a record operating profit of 14 trillion won (around $12.1 billion) for the quarter ended June. That would represent a massive 72 percent increase from the same period a year ago, and just as importantly, it would further distance Samsung from the financial fallout of its Galaxy Note 7 recall.Apple is not likely to be far behind—estimates peg the Cuptertino outfit at reporting an operating profit of $10.6 billion for its latest quarter, according to The Wall Street... Read more...