Samsung sees 95% drop in profits for a second consecutive quarter
Samsung sees 95% drop in profits for a second consecutive quarter
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.
Good phones used to be around 400, taking me a few days to think about it and say yes. Now they are beyond 1000
I’m not sure what you mean by a “good” phone. Like yeah, they came up a bit. A Pixel 7a costs $499, and if one wants wireless charging and a better camera they can go with the Pixel 7 for $599. Regular non-Pro iPhones are around the same price.
Like yeah, folding phones are well over $1,000 in most cases, but personally I think that’s a gimmick, my hot take. But for me and 99% of the people I know, we’re sticking with our slab smartphones.