Samsung profits set to overtake Apple for first time in smartphone era

Samsung’s operating profits are set to surpass its rival Apple for the first time since the two became the world’s dominant smartphone manufacturers.

The Korean electronics giant said operating profits in the second quarter of the year had hit a record 14 trillion won (£9.4bn).

This would make Samsung Electronics the world’s most profitable non-financial company, a landmark moment after a tumultuous year.

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