Lol everyone commenting it's because THEY don't want to buy a new phone. Samsung supplies screens, electronic internals for other companies, and a fuck ton of appliances. They don't only make phones..
Yet the article says Samsung attributes that to the phones market?
Samsung attributes this loss in profit to the decline in smartphone shipments due to “high interest rates and inflation.”
Something else that doesn’t seem to bode well is the fact that Samsung believes the boost that came from the launch of the Galaxy S23 series has faded.
And expects a comeback because it’s launching new models…
The manufacturer highlights the launch of the Galaxy Z Flip 5 and Galaxy Z Fold 5. It also believes that the smartphone market will make a return.
This seems to indicate that most variable profit comes from the smartphones market.
The chairman of Samsung is a convicted criminal, by the way. Pardoned by the totally not corrupt president. Apparently he's such a genius that laws don't apply to him.
Not surprising. I'd expect something similar to happen to anyone at the top of any of the chaebols.
A lot of people here clearly don't understand how large of a company Samsung is, and what all they sell.
Poor functional design and atrocious security practices and culture will do that. Nothing to see here.
I got LineageOS official just waiting for when Samsung abandons me
I used to be a huge fan of Samsung and it was the only things I bought. They aren't any better than competing brands and looking back now brand loyalty is just really dumb especially when the companies don't give a flying fornication about you. Buy something that works and in your budget. No more Samsung purchases from me.
I bought 1 Samsung phone. Never again.
Same. It's the software. I don't want your shovelware, Samsung.
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