Samsung guidance reveals plummeting profits in Q2 2023

07 July 2023
This is the second quarter in a row where profits decline around 95%.

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  • K
  • K
  • D0b
  • 08 Jul 2023

Just me, 07 Jul 2023You know that this report is not for Samsung Mobile Divisio... moreEven S series sales fell year over year.

    • v
    • vexus
    • ib6
    • 07 Jul 2023

    that is why samsung design its phone to be problematic after 2year. Keep on rebooting for no reason. They want you to purchase new phone.

      • ?
      • Anonymous
      • XUv
      • 07 Jul 2023

      Hugo, 07 Jul 2023The A52s is simply a better phone than the A54. Samsung has... more"And considering that samsung is almost as pricey as apple, people would just buy the real thing instead of buying a clone."

      ^^^^^^^^^^^^^^^ This is a flawed thinking ^^^^^^^^^^^^
      You really think other than iPhone all just fake

        • ?
        • Anonymous
        • 0p}
        • 07 Jul 2023

        Anonymous, 07 Jul 2023People don't need and don't want to change phones... moreNo?
        Survey done in USA shows iohone users get new pjone within 24 months.

        Be sure that in China, number of ppl that often change android phones is giant.

          • H
          • Hugo
          • XUi
          • 07 Jul 2023

          Anonymous, 07 Jul 2023People don't need and don't want to change phones... moreThe A52s is simply a better phone than the A54. Samsung has done itself no favours by removing the 3.5 mm jack and other features, in doing so copying iphones.
          And considering that samsung is almost as pricey as apple, people would just buy the real thing instead of buying a clone.
          The original samsung fans loved it because it was different than the iphone. People wanted different. Within my circle, everyone who bought high-end phones have switched to apple and the rest are happy with oneplus nord series and vivo.

            • ?
            • Anonymous
            • XUv
            • 07 Jul 2023

            Anonymous, 07 Jul 2023People don't need and don't want to change phones... moreThere's 2 type of mobile phone buyers.
            1. They buy new device because they have an urgent need to do it.
            2. They buy new device because they CAN.

              • ?
              • Anonymous
              • XUv
              • 07 Jul 2023

              SERIOUSBLACK47, 07 Jul 2023All companies need to scale back & use joint demand cen... more"No company,no country should be allowed to monopolise tech production, copyright battles can be fought but not this"

              That's the reason why patent expired after certain period of time.

              "America needs to buy more Chinese companies for that they just use Arab influence,& buy these companies to produce & scale up,"

              Why?
              Can't the Chinese owned their own companies?
              Can't other countries owned their own companies without being a "pawn" (like Samsung now)?
              Why American is the one that need to control?

                All companies need to scale back & use joint demand centric approach
                They need to work with population demand & get correct data & scale manufacturing accordingly
                Plus small components that don't change
                need a constant production rate,so these parts remain cheap
                No company,no country should be allowed to monopolise tech production, copyright battles can be fought but not this
                America needs to buy more Chinese companies for that they just use Arab influence,& buy these companies to produce & scale up,
                Another factor kept in mind by regulating bodies should be allowing how many phones,they must regulate it buy statical data,ppp & introduce categories at production level

                  • ?
                  • Anonymous
                  • 39x
                  • 07 Jul 2023

                  JediThunder, 07 Jul 2023The fruit company is the most over rated and hyped on the p... moreSamsung shamelessly mock Apple and then sheepishly copy them. If anything that makes them worse.

                    Anonymous, 07 Jul 2023More toxic mocking ads their make, more stronger Apple become.The fruit company is the most over rated and hyped on the planet. Samsung is a way better company.

                      • ?
                      • Anonymous
                      • pKL
                      • 07 Jul 2023

                      Interesting that their chips aren't selling.

                        • ?
                        • Anonymous
                        • HBe
                        • 07 Jul 2023

                        People don't need and don't want to change phones so frequently now, due to several factors:
                        - Most good phones don't justify an upgrade so quickly
                        - Long software support period (though this is a good policy for the consumer)
                        - Inflation and economic uncertainty
                        - Lack of innovation
                        If you ask someone who bought a Galaxy A52s almost two years ago if they need to upgrade to a newer A54, they won't find a single reason to do that. By providing longer software support, Samsung and other companies should know that they won't be able to sell as many units as before, so the demand will go down.
                        Companies must adapt to a reality where people don't look to buying new smartphones so often, at least until foldable devices become more mainstream.

                          Anonymous, 07 Jul 2023They did. Now only Google uses themThey don't? Let's see based on their upcoming and still-on-productions phone: S23 FE, A54, M54, F54, M34, A14 series, M14, and A04s. They still use it on their midrange (A/F/M) variant though.

                            95% less than previous year hurts...

                            We'll see why on the 27th then

                              • ?
                              • Anonymous
                              • x0k
                              • 07 Jul 2023

                              EXA83, 07 Jul 2023Stop using Exynos Chips, that's why you are losing money They did. Now only Google uses them

                                Oh no (☉_☉)
                                .. anyway ( ͡° ͜ʖ ͡°)

                                  • ?
                                  • Anonymous
                                  • 0p}
                                  • 07 Jul 2023

                                  Anonymous , 07 Jul 2023The lack of study is visible. The semiconductor part just d... moreDoes not even know what samsung electronics is...
                                  Go back to reddit.

                                    • ?
                                    • Anonymous
                                    • IVK
                                    • 07 Jul 2023

                                    Anonymous, 07 Jul 2023Samsung deserve it because they always advertising iphone o... moreMore toxic mocking ads their make, more stronger Apple become.

                                      • ?
                                      • Anonymous
                                      • 0p}
                                      • 07 Jul 2023

                                      Anonymous , 07 Jul 2023Do a little study and read the article. s23 sales are way f... moreDo your research, even samung has admitted sales are be.ow s22 series, reason lame/useless s23 fe is on the way.

                                      Samsung has highest budget among all android brands, still their phones are not the best at anything when they should be .

                                        • K
                                        • KarthikeyaAcademy
                                        • 7kp
                                        • 07 Jul 2023

                                        Usefull And Helpfull Thankyou