this post was submitted on 29 Jul 2023
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608
Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 90 points 1 year ago (10 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.

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago) (9 children)

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

[–] [email protected] 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.

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