Samsung expected to report 80% profit plunge as losses mount at chip business
cnbc.com
Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung's cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.
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But still a profit. Just not as much of profit as last year.
We are making money, but not as much money as I want. SMITHERS! Fire people randomly until I feel better about only making a few billion, instead of a hundred billion.
The entire economy is about companies making higher and higher profits, and if they don't, economists worry it's a stagnation. Lol. We really are quite fucked.
I agree that the hamster wheel of infinitely increasing profits is bad. But even in a better world where companies weren’t expected to report record profits every single quarter, an 80% drop would still be rather alarming.