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by dyinglobster 4712 days ago
Apple is still more profitable than Samsung.

An initial report by Steve Kovach of BusinessInsider proclaimed "Samsung Made $1.43 Billion More In Profit Than Apple Last Quarter, " before the site realized that it was comparing Apple's after tax net income to Samsung Electronics pre-tax operational income.

The site subsequently corrected its story with a new, less racy headline "How Samsung's Profit Compares To Apple's

http://appleinsider.com/articles/13/07/27/samsung-has-not-de...

An earlier version of this said Samsung made more profit last quarter, but it was comparing Samsung's operating profit to Apple's. We apologize for the error.

http://www.businessinsider.com/samsung-made-more-profit-than...

OOPS! :)