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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Who could know that refusing to patch critical bugs or, for that matter, to put any effort at all into software while constantly raising product prices would piss off the customers? It’s a mistery!
I can't believe that the whole Android ecosystem -and I mainly blame Google, let Apple outplay it at system updates. It was always going to come to a head as people keep their phones longer and longer.
Yeah, this is not it, their mobile division performed well, it was their chips division.
From the introduction of the article above: „Samsung blames the decline in smartphone shipments for its financial troubles. Samsung is hoping the launch of its foldables will help level out these losses for the second half of the year.“
Ah shit, I read the Q1 report: https://www.androidauthority.com/samsung-earnings-report-3318100/
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.