SEOUL, KOREA - Samsung Electronics released disappointing second quarter results, igniting concerns about its future. The electronic giant, however, narrowed its operating profit gap with Apple Inc.
According to industry sources on July 24, Samsung Electronics’ second-quarter operating profit was estimated at 7.2 trillion won (US$6.99 billion), while that of Apple stood at $10.28 billion.Samsung Electronics is about $3.29billion behind Apple in terms of operating profit. The gap, however, has been reduced sharply since the fourth quarter of 2013.
The operating profit gap between Samsung Electronics and Apple stood at $9.65billion won in the fourth quarter of last year and $5.73billion won in the first quarter of this year.
This can be interpreted that Samsung Electronic performed relatively well, with its sluggish performance being influenced by the overall smartphone market’s advance into a maturity stage.
