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Samsung profits set to overtake Apple for first time

Samsung profits set to overtake Apple for first time

Samsung is all set to beat arch-rival Apple in operating profits for the first time since the 2 companies became the world’s largest mobile phone manufacturers. Korean electronics giant said that its operating profits in the 2nd quarter of the year had hit a record 14 trillion won (£9.4bn).Apple is not due to report results for the same period until next month but analysts expect operating profits of $10.5bn (£8.1bn).

read more at Telegraph

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