this post was submitted on 29 Jul 2023
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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Samsung sees 95% drop in profits for a second consecutive quarter::Today, Samsung posted its Q2 2023 financial results. The report says Samsung's profits have dropped considerably compared to last year.

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[–] SlopppyEngineer@lemmy.world 2 points 1 year ago

Sounds like a classic trust thermocline. Sales tend to keep stable and users put up with the shenanigans and prices while execs keep ignoring user's complaints, until suddenly there is the straw that breaks the camel's back and sales drop suddenly.