641
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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.

top 50 comments
sorted by: hot top controversial new old
[-] vrighter@discuss.tchncs.de 208 points 11 months ago

each new phone is more expensive, with less functionality.

hover on the touch screen? gone

iris scanner, gone

headphone jack? gone

air pressure sensor? gone

humidity sensor? gone

ir blaster, gone

meanwhile I get charged out the ass for storage space.

Why the fuck would I want a newer phone?

[-] Eheran@lemmy.world 74 points 11 months ago

Don't forget the SD card slot missing, S20 was the last one that had it. I still don't know what to get after that, just because of the missing SD.

load more comments (10 replies)
[-] Afrazzle@sh.itjust.works 49 points 11 months ago

Also removable batteries gone

load more comments (6 replies)
load more comments (22 replies)
[-] hardypart@feddit.de 162 points 11 months ago

When money is tight you might use your phone for a year or two longer. 1000 Euro phones also don't help the matter.

[-] vinnymac@lemmy.world 70 points 11 months ago

While I don’t use a Samsung, I am over half way through my phones fifth year. Other than a battery replacement I’ve had literally no problems whatsoever.

If only lifespan and right to repair were written into law everywhere.

[-] Zeth0s@lemmy.world 55 points 11 months ago

Software updates are the problem unfortunately

load more comments (12 replies)
load more comments (1 replies)
[-] Got_Bent@lemmy.world 31 points 11 months ago

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.

load more comments (6 replies)
load more comments (1 replies)
[-] Polar@lemmy.ca 125 points 11 months ago

Sorry. I'm just trying not to get evicted due to living in a country with the highest rent, internet, food, and data plan prices.

[-] bighatchester@lemmy.world 48 points 11 months ago
[-] Polar@lemmy.ca 36 points 11 months ago
load more comments (1 replies)
load more comments (19 replies)
[-] dgilluly@lemmy.world 103 points 11 months ago

I've said it before and I'll say it again.

This is a sign of an upcoming recession if we aren't already in one. People are starting to run out of their savings due to stagflation and are looking for areas to cut. Buying a new phone every year or every other year and replacing laptops every 5 years are among the first things to go in anyone's budget.

So currently the only people refreshing their devices are the people who NEED new devices.

Capitalist economies always need spends out of desire and not just necessity.

Worst part is instead of reversing the gouging these companies will probably just go ham on the planned obsolescence.

[-] Myrbolg@lemmy.world 49 points 11 months ago

Or simply that prices have become insane. Good phones used to be around 400, taking me a few days to think about it and say yes. Now they are beyond 1000, so I will do my best to avoid having to upgrade and go with custom ROMs again. In the meanwhile, we also lost exchangeable batteries, external SD cards, and microphone jack, and we gained more Google spyware and bloat.

load more comments (4 replies)
load more comments (15 replies)
[-] pizzazz@lemmy.world 93 points 11 months ago

Drops in profits can mean investments, new hires and a myriad of other stuff. No meaning in the headline whatsoever. Profits are not revenue.

load more comments (10 replies)
[-] YaksDC@lemmy.world 83 points 11 months ago

Foldable devices seem like the 3d TVs of the last couple of years. I will not be getting one any time soon.

[-] WhatASave@aussie.zone 37 points 11 months ago

After having one, it's really amazing and the form factor and random utility it brings (built in tripod, easy to aim flash light and be hands free). The screens just need work. The crease is a non-issue as far as using the phone, but the little screen protectors that manufacturers say not to take off will deteriorate after like 6 months.

I think it's close though and I do often miss my foldable.

load more comments (1 replies)
load more comments (13 replies)
[-] kingshrubb@lemmy.world 70 points 11 months ago

Maybe they could stop taking features away from their phones. Put a micro SD and aux jack back and I'd buy one

[-] Kraven_the_Hunter@lemmy.world 23 points 11 months ago

Sooo.. you want a Sony Xperia then

load more comments (3 replies)
load more comments (26 replies)
[-] 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

load more comments (1 replies)
load more comments (8 replies)
[-] Amilo159@lemmy.world 65 points 11 months ago

As a Samsung user of 6 years, mainly due to job phone policy, I say they deserve it.

Great screens, but gawddamn they aren't worth their price. No charger, no headphone jack, no expandable storage, fingerprint sensor that are iffy and damn OS taking up 30% of your storage, no matter which option you go for.

I like the camera and s-pen on my S22u but that's it. They need to lower price and make competent mid range phones again, like the A52s.

load more comments (11 replies)
[-] Snapz@lemmy.world 47 points 11 months ago

And remember, nobody is actually losing money, they just aren't making as much as they'd hoped. You make shitty products and you homogenized with Apple losing anything that made you distinct and close to worthwhile. Fuck Samsung, all my homies hate Samsung.

[-] PlatypusXray@feddit.de 46 points 11 months ago

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!

[-] whereisk@lemmy.world 24 points 11 months ago

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.

load more comments (4 replies)
[-] profdc9@lemmy.world 44 points 11 months ago

Yeah, this is the chaebol system at work. The Faustian deal between these megacorps and the citizens of South Korea means that it is impossible for Samsung to fail or to be accountable for their bad business decisions. South Korea is the most developed cyberpunk technofeudalistic society.

load more comments (5 replies)
[-] fleetw16@lemmy.world 37 points 11 months ago

Lol everyone commenting it's because THEY don't want to buy a new phone. Samsung supplies screens, electronic internals for other companies, and a fuck ton of appliances. They don't only make phones..

load more comments (12 replies)
[-] arc@lemm.ee 35 points 11 months ago

I know personally that I would never buy a Samsung phone again. The budget models are filled with ad/crapware. The premium models are expensive, gimmick laden and bad value.

load more comments (25 replies)
[-] Macropolis@lemmy.world 35 points 11 months ago

Samsung sucks and most corporations in tech have horrible practices. At least the big ones. Profits over people is there motive. Tech should be human friendly

[-] andy_wijaya_med@lemmy.world 26 points 11 months ago

All corporations are going for profit. None of them are thinking about you.

[-] jacktherippah@lemmy.world 30 points 11 months ago

I stopped buying Samsung when they started with the Knox bullshit. I saw it as an anti-consumer move.

load more comments (7 replies)
[-] Throwaway4669332255@lemmy.world 29 points 11 months ago

Numbers must only go up... no down

load more comments (1 replies)
[-] p000l@lemmy.sdf.org 29 points 11 months ago

I don't even want to buy a new phone. It's been more than four years. What great productive work are most people doing on them anyway?

load more comments (8 replies)
[-] lemmy@coeus.sbs 29 points 11 months ago

I used to be a huge fan of Samsung and it was the only things I bought. They aren't any better than competing brands and looking back now brand loyalty is just really dumb especially when the companies don't give a flying fornication about you. Buy something that works and in your budget. No more Samsung purchases from me.

load more comments (1 replies)
[-] JohnOnABuffalo@sh.itjust.works 24 points 11 months ago

Fuck Samsung, I've had the worst experiences in all of tech with their support system. I had a bad ram module on my s22 and even used the Samsung Support app and had a tech point it out to me. Sent it in and apparently the repair center can't see those notes that the support dev had written. It took 3 tries and countless calls to support, and eventually got in contact with the office of the CEO, and they basically admitted their backend support is so fractured that someone with phone in hand can't see any notes any other tech had written. They then decided to give me a refund, which was for less than the receipt, and after fighting for another MONTH to get them to give me the correct funds, they finally sent it to me. 3 months in total. Fuck Samsung.

load more comments (2 replies)

The chairman of Samsung is a convicted criminal, by the way. Pardoned by the totally not corrupt president. Apparently he's such a genius that laws don't apply to him.

load more comments (1 replies)
load more comments
view more: next ›
this post was submitted on 29 Jul 2023
641 points (100.0% liked)

Technology

55562 readers
3872 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS