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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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