Sumsung overcomes scandal, posts record profits
Korean giant likely to beat Apple for second time in its history
Korea’s biggest conglomerate reported record operating profit for the second quarter of the year, surging 72.9% over the same period last year, to US$12.7 billion. The number compares to US$10.6 billion expected for Apple, though analysts say the iPhone maker will likely top Samsung over the full year.
Samsung’s record-breaking quarter came amid the successful launch of the S8, following the exploding Note7 scandal of last year, but was largely driven by the company’s flash memory business.