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Samsung sees 95% drop in profits for a second consecutive quarter
(www.androidauthority.com)
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this post was submitted on 29 Jul 2023
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95% is huge. They been releasing too many models and their new phones are too expensive for me. they should follow apple and only release one every year
They make far more than just phones..
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.
From the article, "Samsung blames the decline in smartphone shipments for its financial troubles."