Samsung sees 95% drop in profits for a second consecutive quarter
- Samsung has confirmed that profits have dropped by 95% in Q2 2023.
- Samsung blames the decline in smartphone shipments for its financial troubles.
- Samsung is hoping the launch of its foldables will help level out these losses for the second half of the year.
In the first quarter of the year, Samsung reported 95% decline in year-over-year earnings. Fast forward to today and it appears Samsung finds itself in the same hole for the second consecutive quarter.
Today, the Korean tech giant posted its Q2 2023 financial results, and it’s not pretty. According to the report, the company once again saw a 95% decline in year-over-year profits. It appears Samsung brought in a profit of 0.67 trillion ($523.5 million) Korean won (KRW), which is a drop in the bucket to the 14.12 trillion KRW ($11.06 billion) it made last year.
Partners
Blog
Credit: Edgar Cervantes / Android Authority TL;DR Spotify is getting a new “Prompted Playlist” feature to help users create more […]
TL;DR Four of the best Good Lock modules aren’t working properly on the One UI 8.5 beta. Home Up and […]
This is an open thread. We want to hear from you! Share your thoughts in the comments and vote in […]