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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[–] WigglingWalrus 6 points 1 year ago (2 children)

They make far more than just phones..

[–] KneeTitts@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

yes they also make crappy fridges which are 100% disposable because the compressor dies 10 seconds after the warranty is up, filling up out landfills with perfectly good appliances that could have stayed in place in working condition if they just spent 5% more on better compressors for them. But no.

[–] garlic@feddit.nl 2 points 1 year ago

From the article, "Samsung blames the decline in smartphone shipments for its financial troubles."