Samsung profits sinks by 95% in Q2, memory chip demand improves
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- Anonymous
- tZ0
- 28 Jul 2023
PepperPot, 27 Jul 2023TM Roh, the President of Samsung’s Mobile Experience Busine... moreSamsung under TM Roh is doing worse than ever from his overzealous cost cutting.
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- xjH
- 28 Jul 2023
aqua, 27 Jul 2023they say their new foldables will rise up demand and restor... moreTrue.
I am using phones from 2012 and till now i used 4 phones.
The price of my 1st phone was around 50 USD in 2012, 2nd phone was 100 USD in 2013, 3rd phone was 150 USD in 2015 and 4th phone is 200 USD in 2020.
I spent total 500 USD in 4 phones from 2012 to 2020 as the 4th phone was purchased by me in 2020 which i am using now and not have any plan to change it soon as don't feel the need to change it.
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- Anonymous
- gqb
- 28 Jul 2023
kek, 27 Jul 2023This. Samsung forgot that dropping those features puts t... moreWell said. I know several people and friends who has moved to iPhone after seeing Samsung dropped both the headphone jack and microSD card slot. May as well use an alternative mobile OS that can give the longest software support.
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- D09
- 28 Jul 2023
Anonymous, 27 Jul 2023Europe & America already hit recession, but the effect ... moreNo they didn't. Their economies are growing. Recession means two quarters of negative economic growth. Their gdp is in positive territory.
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- Anonymous
- tZj
- 28 Jul 2023
That's weird. 66 comments and still no sight of blue, Samsung No 1 fan. Must be having a hard time getting his head out of the hole...
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- kek
- GBh
- 28 Jul 2023
Anonymous, 27 Jul 2023Nothing interesting since S3True.
S4 was "S3 refresh", while S5 had new IP68 protection at least.
Then came S6, which was a downgrade in every possible way.
S7 "fixed it". S8 was a mess. S9 was fine and last good one was S10 series. It has been downhill since then.
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- Anonymous
- 0p}
- 27 Jul 2023
Jason, 27 Jul 2023I love the Ultra phones, But I keep skipping on the folds b... moreNothing interesting since S3
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- Jason
- S3y
- 27 Jul 2023
I love the Ultra phones, But I keep skipping on the folds because of that HORRID front display, its far too narrow for my liking.
Samsung have stopped innovating and become apple, rolling out incremental upgrades. Please push the boat our again, make something a bit wowish, how about making one of those 12" tablets fold in half, that would be an industry first.
Even better if you could also stick a secondary display on the outside for compact viewing mode or if you can somehow make a hinge that folds all the way aka 360 mode now that would be a sweet device
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- Anonymous
- 0p}
- 27 Jul 2023
Gonna get worse when geeks boycott s24 with crappynos aka tensynos 3 plus.
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- Tann Hauser
- SXm
- 27 Jul 2023
Anders, 27 Jul 202395% drop in profits. Ninety five percent! The sales, or ... moreDeceiving shareholders in their last financial report doesnt help either... Mobile was and is their problem.
- Notafanboy-Fanboy
- mkv
- 27 Jul 2023
Anders, 27 Jul 2023Your reply bears no resemblance to my comment. I don't... moreSo you don't like that Honor has grown its sales between 400 and 700% in Europe and Latam?
Well, you still have a lot to suffer ... 😂😂😂
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- alfamus
- d%%
- 27 Jul 2023
of course they are going down. they keep making the same phones with 0 improvement. check fold 5, check watch 6, s23... only chipset is different. hugely disappointed in samesung
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- Cyber
- S2D
- 27 Jul 2023
Samsung smartphone business goes Nokia way
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- aqua
- 3Z5
- 27 Jul 2023
they say their new foldables will rise up demand and restore their profitability
but that is extremely foolish, foldables are an extremely small niche and flagships are also a minority too despite the hype surrounding them, the large majority of people around the world will buy midrangers or budget devices
unless they get their reputation back by making actually good and competing products in their A series, they're screwed. and they seem to be doing the opposite. i have even heard rumors they want to use exynos on the S series again, so they're nuking even that again
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- Anonymous
- 0p}
- 27 Jul 2023
At this pace , entire Samsung corporation will be having revenue lower than 180 billion dollars.
Sales of iphones alone bring to Apple more than this. Not even counting other hardware and services.
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- Anonymous
- nDQ
- 27 Jul 2023
i'm glad, maybe they actually start releasing new phones instead of the recycled old ones
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- kek
- GBh
- 27 Jul 2023
Anonymous, 27 Jul 2023Here's a tip to bring back those lost sales on smartph... moreThis.
Samsung forgot that dropping those features puts them on the same level as iPhone, with the same pricing. And never mind competition like Pixel.
So they end up losing on software support against iPhone + camera features against Pixels.
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- PepperPot
- iRM
- 27 Jul 2023
TM Roh, the President of Samsung’s Mobile Experience Business, said: “By 2025, foldable items will take up more than 50 percent of Samsung’s total premium smartphone shipments. Foldables will become the new standard of smartphones.”
Smartphone shipments have been down since 2021. The only smartphones that saw growth last year were foldables. Most of that growth was in China, but it is projected by 2026, foldable shipments will reach 70 million globally. By 2027, 100 million. Samsung and apple are expected to control the majority of those sales.
So, why are you guys acting like Monday morning quarterbacks?
This is why the other manufacturers are not pushing their foldables. They can't rely on premium mobile sales or their entire business will tank. Samsung isn't on Apple's level, but they are the only two that can sell premium devices.
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- -Trix-
- mhV
- 27 Jul 2023
This might be the first year when Apple willl sell more phones than Samsung, currently the difference is only 15 million units and Apple will still have very strong Q4 ahead so it all depends how Q3 goes for Samsung.
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- Anonymous
- gIV
- 27 Jul 2023
veryangrynerd, 27 Jul 2023The people in the comments that think profits are down beca... more😅