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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)

submitted 11 months 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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[-] Hazdaz@lemmy.world 68 points 11 months ago

They still made around $1/2 BILLION.

I love how every headline about their earnings focuses on the drop from before and not on the actual number they made.

Boo-fucken-hoo the record profits they were making the last few years couldn't be sustained forever. Oh noes!1!!!

[-] SCB@lemmy.world 71 points 11 months ago

Dude a 95% drop in profits YOY is most assuredly newsworthy

[-] ryannathans@lemmy.world 37 points 11 months ago

Maybe if it was revenue. Such a drop in profits could be from many ordinary business operations like expansion

[-] SCB@lemmy.world 2 points 11 months ago

It states in the article that it is from less than expected sales, no?

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this post was submitted on 29 Jul 2023

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