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Samsung sees 95% drop in profits for a second consecutive quarter
(www.androidauthority.com)
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this post was submitted on 29 Jul 2023
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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.
damn and I just start my studies at the university :(
Tbh, might not be a bad time to do it as long as you don't sink yourself into debt too much or have to take out high interest loans. Because if the crash happens while you're studying and by the time you graduate things might start recovering again. I guess we'll see.