Samsung overtakes Nvidia to become the world's most profitable company

According to Gron's report, Samsung Electronics disclosed in its preliminary results report that operating profit from April to June this year is expected to reach 89.4 trillion won, or approximately US$58.4 billion, setting a new quarterly record and a month-on-month increase of 56% from the previous quarter. Analysts had previously expected an average of 84.2 trillion won.<br /> During the same period, Samsung Electronics 'revenue is expected to reach 171 trillion won, exceeding the market estimate of 169.2 trillion won and an increase of approximately 129% compared with the same period last year. The company plans to announce its full financial report on July 30, when net profit and disaggregated data for each business unit will be disclosed.<br /> According to reports, Samsung Electronics 'quarterly operating profit has surpassed Nvidia, becoming the company with the highest quarterly operating profit in the world. The picture shows that among the quarterly operating profit rankings of major technology companies, Samsung Electronics ranked first with US$58.4 billion, Nvidia ranked second with US$53.5 billion, Alphabet (Google) ranked third with US$39.7 billion, and Microsoft ranked fourth with US$38.4 billion, and Apple ranked fifth with US$35.9 billion.