Samsung, one of the world's two biggest names in terms of smartphones, is expecting a profit of $ 12.1 billion during the second quarter of this year.
And that's when the company lost billions of dollars late last year due to a Galaxy Note suture battery burst.
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However, sales of Samsung's phones have increased due to the shock of the Galaxy Note Seven, which has led to the likes of SITE phones.
However, Samsung's profitability over Apple is not dependent on the sale of smartphones, but rather on the display and micro-chip front.
Interestingly, Apple has a big role in Samsung's record profit.
Apple's OLED display is said to be used by Apple in its new iPhone.
Also Read: Samsung has quietly introduced another Galaxy A series phone
Apple is expected to announce its quarterly next month, but for the first time now, the US company has had to step back from Samsung.
Samsung and Apple's phones now cover more than one-third of all smartphones sold worldwide.
Samsung has set high expectations for the next quarter, during which its second flagship phone of the year Galaxy Note will be revealed, while Galaxy Note Seam's refurbished sets are also available for sale in South Korea. Which is likely to be introduced in other countries as well.
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