this post was submitted on 29 Jul 2023
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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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[–] Hazdaz@lemmy.world 58 points 1 year ago (1 children)

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 61 points 1 year ago (2 children)

Dude a 95% drop in profits YOY is most assuredly newsworthy

[–] ryannathans@lemmy.world 34 points 1 year ago (1 children)

Maybe if it was revenue. Such a drop in profits could be from many ordinary business operations like expansion

[–] SCB@lemmy.world 1 points 1 year ago

It states in the article that it is from less than expected sales, no?