Operating-margin gap between Samsung, Apple falls to record low
Jul 27, 2016
The gap in operating margins of Samsung Electronics Co. and that of Apple Inc., the world's two largest makers of smartphones, fell to a record low as sales of Apple's iPhone slumped, according to the two companies' financial statements on Wednesday. Apple posted an operating profit of $10.1 billion and sales of $42.4 billion in the quarter ending June 25. Apple's operating margin declined 3.85 percentage points on quarter to 23.82 percent. In its earning guidance for the April-June period, Sams