The Apple-Samsung war extends far beyond smartphones and patents. Fortune Magazine released its Global 500, a ranked list of the world’s biggest companies by revenue. Samsung Electronics nabbed the 14th spot in the list with revenue of $178.6 billion last year. Apple was close behind in 19th place with $156.5 billion in revenue.
VIDEO: Samsung News Byte: Welcome to Apple’s World: Samsung Tumbles Despite Record $8.3 Billion Q2 Profit
Samsung shares tumbled almost 4% as the company announced record second-quarter earnings that still missed analysts’ sky-high consensus. The South Korean consumer electronics giant estimates that second-quarter 2013 profit came in at a record-high $8.3 billion on $50 billion in revenue, but analysts were looking for a quarterly profit of more than $8.9 billion.
VIDEO: Apple News Byte: IPhone 5S With Fingerprint Scanner, Cheaper IPhone in New Colors Launching This Year
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