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Compare the gross profit margins of Apple Inc. and Samsung Electronics Co., Ltd. for the fiscal year 2023: Company Apple Inc. Samsung Electronics Co., Ltd.

Compare the gross profit margins of Apple Inc. and Samsung Electronics Co., Ltd. for the fiscal year 2023:

Company

Apple Inc.

Samsung Electronics Co., Ltd.

Net Sales Revenue

$400 billion

$300 billion

Cost of Goods Sold

$240 billion

$180 billion

Gross Profit



Question:

Which company has a higher gross profit margin for the fiscal year 2023? Calculate the gross profit margin for each company and compare.

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