this post was submitted on 29 Jul 2023
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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 1 year 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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[–] orientalsniper@lemmy.world 4 points 1 year ago (1 children)

Yeah, this is not it, their mobile division performed well, it was their chips division.

[–] PlatypusXray@feddit.de 5 points 1 year ago (1 children)

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.“