<p class="m_4854771978324110111m_-4096293014682230086gmail-p1">South Korean tech giant Samsung Electronics is all set to break records when it comes to earning and will rival Apple's quarterly profits. Samsung has been under fire for various scandals in the past year but it seems like the company's profits are unscathed despite all the troubles. Samsung has been trying to move past a bribery scandal and of course the most infamous, Note 7 debacle. </p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2">The company said they have enjoyed huge sales of its Galaxy S8 and the demand for its memory chips has taken a huge jump which has caused the company's blockbuster quarter. </p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2"> </p> <p class="articleimg"><img id="ed-img" class="art-lazy imwidth-full" title="(c) MensXP" data-original="http://media.new.mensxp.com/media/content/2017/Jul/image-3-mensxp-1501310284.jpg" alt="(c) MensXP" src="http://media.new.mensxp.com/media/content/2017/Jul/image-3-mensxp-1501310284.jpg" />(c) MensXP</p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2">Samsung's operating profit soared from the previous year by 72.9% (up by $12.6 billion) which is higher than the predicted profits for Apple which is expected to be $10.6 billion. However, analysts believe that this may be temporary and Greg Roh, an analyst at HMC Investment Securities, said, "Samsung has surpassed its rivals for now but Apple usually sees a little fluctuation in its profits whereas Samsung's profits fluctuate largely on memory chip prices." Apple is expected to outstrip Samsung in full-year results.</p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2"> </p> <p class="articleimg"><img id="ed-img" class="art-lazy imwidth-full" title="(c) MensXP" data-original="http://media.new.mensxp.com/media/content/2017/Jul/image-1-header-mensxp-1501310314.jpg" alt="(c) MensXP" src="http://media.new.mensxp.com/media/content/2017/Jul/image-1-header-mensxp-1501310314.jpg" />(c) MensXP</p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2">Samsung is the world's leading smartphone maker. However, the demand for memory chips has been the primary reason for the company's high earnings this quarter. The chips posted 8 trillion ($7.2 billion) in operating profit, which is almost half the company's total.</p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2">The South Korean company is also expected to have an increase in revenue, thanks to the supply of display panels to a “major smartphone customer” within the next three months. </p> <p class="m_4854771978324110111m_-4096293014682230086gmail-p2">Source: <a href="http://www.telegraph.co.uk/technology/2017/07/27/samsung-overtake-apple-record-profits-despite-scandals/" target="_blank">The Telegraph</a></p>