L4sBotJul 29, 2023

Samsung sees 95% drop in profits for a second consecutive quarter

https://lemmy.world/post/2349179

Samsung sees 95% drop in profits for a second consecutive quarter - Lemmy.world

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.

Show threadpizzazzJul 30, 2023
Drops in profits can mean investments, new hires and a myriad of other stuff. No meaning in the headline whatsoever. Profits are not revenue.
Show threadtagliatelleJul 30, 2023
Young people in Korea have switched over to iphones. iphone have like 60% marketshare now
Show threadnaznsanJul 30, 2023
Do you have any sources for this? Afaik Samsung phones are still massively popular with young people in Korea.
Show threadtagliatelle
not too hard to google. appleinsider.com/articles/23/07/24/…/amp/
Samsung's Galaxy is about to have a generational iPhone problem in South Korea

Apple's smartphone market share in South Korea isn't as dominant as the company might want, but if Samsung's not careful, the upcoming generation's taste for the iPhone will be a problem.

AppleInsider
Jul 30, 2023 at 11:15amWeb