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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[–] pizzazz@lemmy.world 91 points 1 year ago (3 children)

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

[–] tagliatelle@lemmy.world 5 points 1 year ago* (last edited 1 year ago) (2 children)

Young people in Korea have switched over to iphones. iphone have like 60% marketshare now for that demographic

[–] naznsan@lemmy.world 11 points 1 year ago (1 children)

Do you have any sources for this? Afaik Samsung phones are still massively popular with young people in Korea.