Samsung overtakes Apple as world’s biggest phone maker

Samsung Electronics is now the world’s largest maker of mobile phones, memory chips and most profitable tech firm, going by its record quarterly earnings released today,The figures show that the South Korean tech giant is on course to overtake Apple as the world’s most profitable tech.

The firm said it's operating profit soared a forecast-beating 72.9 percent from the previous year to 14.07 trillion won ($12.6 billion), compared with consensus forecasts of $10.6 billion for US titan Apple, which is due to report next week.However, Greg Roh, an analyst at HMC Investment Securities, told AFP:“Samsung has surpassed its rivals for now but Apple usually sees little fluctuation in its profits whereas Samsung’s profits fluctuate largely on memory chip prices.

”Samsung has been trying to overcome an embarrassing recall last year of its flagship Galaxy Note 7 smartphone over exploding batteries, which cost it billions of dollars and dealt a blow to its reputation.

Checkout The Drop-out That Makes Glass Screens For iPhones And She’s Now The Richest Self Made Woman On Earth

According to Bloomberg, 47 year old Zhou Qunfei, the founder and CEO of Lens Technology, which makes glass screens for iPhones is the richest self-made woman on earth.

Her net worth has been estimated at over$9 billionwhich makes Zhou not only the youngest self-made female billionaire, butalso the richest self-made woman on earth.

For those who don’t know, Zhou grew up on a farm and dropped out of high school at the age of 16 to start working on the floor of a watch lens factory. She came of age at the perfect time to get in early on China’s liberalizing market.

With only a few thousand dollars, she founded her own company making watch lenses in1993, at the age of 22. According to Zhou in an interview with Times back in 2015, “during the period of China’s rapid economic growth, there were plenty of opportunities for entrepreneurs, including women, It allowed me to develop my business.

In the village where I grew up, a lot of girls didn’t have a choice of whether to go to middle school. They would get engaged ormarried and spend their entire life in that village”.

Today, Zhou’s company, Lens Technologynow has at least 32 factories in seven different locations and employs more than90,000 staff. She is married with two children. She works 18-hour days, and keeps a living quarters in her office.