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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)

submitted 2 years 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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[–] marmo7ade@lemmy.world 3 points 2 years ago (1 children)

They don't make OLED TVs. LG supplies samsung with the OLED panels for their TVs.

For everything samsung does, they can't do the hard things. They can't make OLED panels, they can't make SoCs like Apple, and they can't make software like Google.

Samsung does a ton of things...mid. That's why they supply so many parts. Because the really difficult and innovative things are done by the people they sell parts to.

[–] Saneless@lemmy.world 4 points 2 years ago* (last edited 2 years ago)

They do SoCs. Just no one uses them. Not even Samsung