- cross-posted to:
- [email protected]
- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
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.
You must log in or register to comment.
Couldn’t be the pricing! Nah. It’s the need for foldable phones
I have a four year old phone, and unless I do something stupid I don’t know why I would change.
Performance is a non issue in 2023
deleted by creator
People probably aren’t enthused about buying an overpriced tv, fridge, washer, or phone that all come with bloatware and adware.
Lol everyone commenting it’s because THEY don’t want to buy a new phone. Samsung supplies screens, electronic internals for other companies, and a fuck ton of appliances. They don’t only make phones…
Maybe make better products, return to high QA, and deal with customers as customers and not enemies?
Nah, take on another L instead.
A lot of people here clearly don’t understand how large of a company Samsung is, and what all they sell.
deleted by creator
What the new phones have? Security updates!
Umm, well actually, it’s Samsung, so please forget what I said.
deleted by creator
And remember, nobody is actually losing money, they just aren’t making as much as they’d hoped. You make shitty products and you homogenized with Apple losing anything that made you distinct and close to worthwhile. Fuck Samsung, all my homies hate Samsung.
95% is huge. They been releasing too many models and their new phones are too expensive for me. they should follow apple and only release one every year
Poor functional design and atrocious security practices and culture will do that. Nothing to see here.
I suspect that hardly any mass market consumer cared about security, sadly. And what exactly do you mean with “functional design”? It’s all slabs of screen with a charging port across the industry these days, or did you mean any features added/missing?
For security it depends on where you live in Australia there have recently been several very big hacks which is resulting in a lot of damage from the high valued sensitive information being stolen. So it now matters and is only getting more important. Samsungs made the headlines for all the wrong reasons. Apple the opposite. Curved edge screens were nothing short of an abortion. Their bloatware invasive annoying and made experience terrible. Even the physical button lack of remapping was frustrating and useless.
Software to hardware Samsung is a train wreak.
I bought 1 Samsung phone. Never again.
Same. It’s the software. I don’t want your shovelware, Samsung.
Exactly, they’re amazing and last forever, no need to ever buy two! I’ve had my Samsung tablet now for 9 years and it’s still going strong (though I’ve replaced the battery twice, but I can’t blame Samsung for the realities of battery chemistry haha), it’s still the best screen I’ve used too, bloody fantastic big AMOLED display.
Until this thing breaks down one day I’ve no need to buy any more Samsung stuff! Though when it does, I can’t wait to see what other amazing tablets they’ve cooked up in the intervening years :-D
Numbers must only go up… no down
deleted by creator
yeah bruh, i have zero interest in a foldable phone or whatever the fuck.
Samsung started removing useful features such as SD card readers and headphone jacks and increased the price at the same time.
They actually created a disincentive for consumers to purchase a new phone.
I wonder what could have possibly happened to their profits?
To be fair, apples done those things and we said the same thing about those moves. And now look at em.
Samsung doesn’t have Apple’s ecosystem.
Yep, exactly the reason Apple created it, and why I’ll never buy an Apple product.
Same reason I switched to Android ten years ago. Sometimes I want to install an unsigned project.
I’m a tinkerer. Give me that Android freedom any day.
apples done those things and we said the same thing about those moves. And now look at em.
True, however a lot of people really don’t care about that stuff which somehow often gets overlooked here and on reddit.
When apple did them they were seen as reasons not to buy iPhones, now everyone has copied them it’s no longer a factor in whether you buy an iPhone or not.
Except Samsung has competition. Apple has blind loyalty.
I need to replace my Samsung phone soon and I’m looking at Motorola. An Apple user just says I need to replace my phone soon. Then they get to spend an arm and a leg to do it.
blind loyalty
Maybe for some people. There is however a strong momentum to just keep using what you are used to, and Apple has done a great job in that regard. Stuff just works and it keeps working mostly the same and even switching to a new device is almost effortless. Plus their design guidelines for apps is providing a pretty consistent user experience, zero tinkering required. Which is what a lot of people like.
Apple has blind loyalty
I agree. However, I also think that vendor lock-in is the true culprit. The strange thing about Apple users is that they get locked into that platform and there is little escape, but instead of feeling resentful, they swell with pride instead. Apple user = proud capative.
Its also beacuse Apple dosent have cheap tier of phones. So you have the classic went from a 100 dollar android to 1000 dollar iphone case. Like no shit sherlock obviusly extremly cheap phones are crap. Also for some reason the most common phone Brand on the planet is somehow treated like a status symbol. I would kinda uderstand sony phones being status symbol or samsung foldables but iphones But truth be told I really dont get Apple users. I tried one and other than it being really smooth (beacuse my Main phone is a cheap huawei) it was worse in every metric that mattered to me other than sound while costing 4 to 6 Times as much .
deleted by creator
I’ve had 3 Samsung phones in a row but I’m over it. The bloatware is too much for me at this point.
I got a Google Pixel a couple months ago after having all Samsungs. The pixel is great. Better phone, imo, and half the price.
Welcome to 2014 my friend
I stopped buying Samsung phones when Samsung stopped making phones with features I want such as an SD card and headphone Jack.
Either you make products that people want or you don’t, it seems pretty simple to me.
I was so happy when they released those commercials with their commitment to the headphone jack after Apple abandoned it.
After they dropped it, they made sure I’ll never buy another phone from them. They probably don’t care. They probably make more than enough through their bluetooth headphones.
Well if their sales are down 95% they certainly are doing something wrong.
For me its simple, build a phone with a headphohe jack and SD card reader and I will but it.
Sales are “only” down 37%, it’s profits that are down 95%. Which means either they’ve had to discount their phones, or they’re not selling enough volume to make up for R&D.
Either you make products that people want or you don’t, it seems pretty simple to me.
Imo even big companies fail to realize that they don’t know (or care) anymore what the customers want. Marketing used to be: analyze the market and find out what’s a good product to sell. Nowadays marketing is: make personalized ads and try to push whatever crap is cheap to produce to people who don’t realize they don’t even want this. Also make it look a lot better than it actually is.
Samsung, stop trying to imitate Apple, it’s no use. You don’t have the vendor lock-in and cult-like status to pull that off. Just make good products at affordable prices. Ask the customers what they want, it’s that easy.
You’re very correct. A core belief at apple is that the customer is too stupid to know what they want, so you can whatever you want down their throat.
There is some merit to the idea that true innovation won’t be anticipated by customers so you have to take risks. But the way apple does it pisses me off to no end.
No apple, removing every port (except shitty ass lightning ports of course) is not a good idea. It just isn’t.
Ask the customers what they want, it’s that easy.
Don’t forget though, that the typical customer may be very different from the bubble on this site.
