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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the cognitive dissonance from the leadership is astounding, they being rich, cannot understand why lesser fortunate people cannot afford their phones.
everything is more expensive nowadays and it is not because inflation, it's because greedy corporations are charging more just out of thin air.

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    • EXA83
    • rAj
    • 07 Jul 2023

    Stop using Exynos Chips, that's why you are losing money

      • M
      • Mandy
      • vG6
      • 07 Jul 2023

      Samsung wants to mint money from s series with prices matching apple. But no overall device quality and camera is overrated.

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        • Anonymous
        • nwF
        • 07 Jul 2023

        Maybe Samsung should've listened to Louis Rossmann /watch?v=l-8qqkCbo3U

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          • Anonymous
          • nHg
          • 07 Jul 2023

          Anton., 07 Jul 2023Yes, but your comment is not far from reality! Samsung sel... morei mean high-end android is kinda dead saleswise, if someone wants to spend that much amount of money on a phone, thats gonna be an iphone probably.

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            • S
            • xjH
            • 07 Jul 2023

            Just me, 07 Jul 2023You know that this report is not for Samsung Mobile Divisio... moreI think samsung electronics also sell appliances like tv, fridge etc.
            Am i wrong?
            If i'm not wrong then recession is going on or might come soon.

              GrahamD, 07 Jul 2023Samsung don't listen to what people want, they tell th... moreAnd it will continue like this, oh the price will be high for next year ..... apple will go up they will not be left behind

                Just me, 07 Jul 2023You know that this report is not for Samsung Mobile Divisio... moreYes, but your comment is not far from reality! Samsung sells more A-Series devices than its high-end Primiun...

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                  • Anonymous
                  • tZk
                  • 07 Jul 2023

                  The positive news cycle is ending soon for Samsung in 2023. Remember all those news of Samsung record breaking this and that? Savor them because there wont be many good news like that in second half of the year.

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                    • Anonymous
                    • Nu7
                    • 07 Jul 2023

                    Just me, 07 Jul 2023You know that this report is not for Samsung Mobile Divisio... moreDon't even bother. Most people will see the article title and rush to the comment section.

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                      • Just me
                      • 6XT
                      • 07 Jul 2023

                      Anonymous, 07 Jul 2023Well, when your best selling models are A1x and A0x, no won... moreYou know that this report is not for Samsung Mobile Division only right, but for the whole Samsung company ? The Big problem is probably in its chips manufacturing problems, not that much in the phone business.

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                        • Anonymous
                        • ps9
                        • 07 Jul 2023

                        Well, when your best selling models are A1x and A0x, no wonder you don't have big profits.
                        In other words, when you have 1000EUR phones in your line-up, but the best selling ones are the 200EUR phones, then it will not look good at the end of the year.

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                          • ShozuL
                          • pXC
                          • 07 Jul 2023

                          Letra make ir to profit them:

                          1st: Stop Exynos disaster foundry, start using only Qualcomm.

                          2nd: Make it cheap, not a lot but S Ultra series depending of storage should be 10% cheaper of Apple offer on the same category/capacity.

                          3rd: Make eletronics easy to repair, harder mean costumers will buy cheaper brand next time because their experience wasnt that good and no solution after all.

                          4th: Stop making everything, i know variety os good but in some áreas Samsung dont do well, stop them then.

                          5th: Start putting again the charger in the box, and maybe a case...people like "extra" stuff.


                          Some years ago i didnt like Samsung, now with S22 Ultra i am liking it, not so about this Exynos thing...is really poor performance compared to Snapdragon, my last Poco F3 with SD870 was faster...

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                            • cha
                            • H4X
                            • 07 Jul 2023

                            they are providing Exynos in most of their phones which is a problem.

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                              • GrahamD
                              • FHL
                              • 07 Jul 2023

                              Samsung don't listen to what people want, they tell them what they want, and that's the problem. The A series in particular has been really poor this year, the S series too similar to the last year's flagships.