this post was submitted on 29 Jul 2023
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510
Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[โ€“] SCB@lemmy.world 4 points 1 year ago* (last edited 1 year ago) (1 children)

Is it your belief that Samsung made hundreds of billions of dollars mysteriously in on huge surge?

[โ€“] ImFresh3x@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago)

Revenue matters more since companies tend to invest in future technology. Most serious business analysts would never talk about profit in percentages. This is clickbait. Hence why the stock price (determined by investors not Reddit tech refugees) is not suffering.