Samsung sees 95% drop in profits for a second consecutive quarter

L4sBot@lemmy.worldmod to Technology@lemmy.world – 602 points –
Samsung sees 95% drop in profits for a second consecutive quarter
androidauthority.com

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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It also seems like the whole you gotta upgrade every other month hype has long since died down. It's not the exponential improvements that it was ten or twelve years ago.

I couldn't agree more. I have a Zfold 2 that I've had since launch (3 years) and I look at the phones on offer now that I have an upgrade available and I see no reason to upgrade to a new phone for a marginally better camera and processor, there hasn't been enough innovation in mobile tech in that time to warrant paying another £1000+ over another 3 years, I'll rock this phone phone until it dies the same way I did my Note 9.

I'm in the same boat. I've still got an S10 from launch, although it's noticeably wearing down in performance now. I'll wait to the holiday season to see if I can get a deal on a new Samsung. At that point I'll have used the s10 for almost 5 years. Used to get a new phone every other year but that's not needed or wanted now.

Hell, I've had a £100 phone for 3 years already and it's absolutely fine. I've noticed a little battery degregation but it still lasts a whole day. Plus a cheap batter change will make it last year's more. I can't understand why anyone would still sing those contracts for a new phone every 2 years.

Phones just went through the same thing PCs went through twenty five years ago.

Yeah, I've had my LG G8 for four years now and I'm just starting to look for replacements. Unfortunately the G8 is known for the battery being very hard to replace or I would be looking into a battery replacement service instead to get a couple more years of useful life.

I'm clinging to my LG though with no OS updates ever again its days are numbered. In the meantime I paid a shop to replace the battery in my LG because it couldn't hold a charge anymore.