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Samsung sees 95% drop in profits for a second consecutive quarter

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Re: Samsung sees 95% drop in profits for a second consecutive quarter

#61

Post by _trampeltier »

dmitrybrant wrote: post #7

> Samsung is hoping the launch of its foldables will help level out these losses Very serious question: Who is asking for foldable phones? Who is saying, "You know what's missing from my phone? More moving parts! A huge hinge for crumbs to get stuck in! I just can't enjoy this app unless it's in a square form factor and a crease in the center!"

I guess the Z Flip is more for women, because they mostly have just small pockets on the pants and sometimes also just a small handbag. And the phone is just small and cute.

The Fold is more for nerds i guess. It is even foldet not small, just large if open.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#62

Post by hammock »

dmitrybrant wrote: post #7

> Samsung is hoping the launch of its foldables will help level out these losses Very serious question: Who is asking for foldable phones? Who is saying, "You know what's missing from my phone? More moving parts! A huge hinge for crumbs to get stuck in! I just can't enjoy this app unless it's in a square form factor and a crease in the center!"

Who was asking for a touchscreen phone, in 2007?

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#63

Post by tedunangst »

Every one repeats this same headline in the same way, and it kind of annoys me. It strongly implies that profits are now 0.05 x 0.05 of what they were, but it's really just one 0.05. They were very profitable, and now they are not, but it's not a continuing decline from last quarter.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#64

Post by dehrmann »

mattmaroon wrote: post #27

I think this is somewhat a function of phones maturing, the way PCs did. I just don't need to replace it every two years anymore. The utility of doing so is declining and the price is rising. I used to get a new computer every two years, now it's probably 6-10. Right now everyone I know on an iPhone 10 or earlier is a boomer, but I don't think that'll be true of the 15 in five years. It also doesn't help Samsung that…

I don't know the breakdown, but Samsung makes all sorts of things. Memory, LCD panels, refrigerators...

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#65

Post by caddemon »

dmitrybrant wrote: post #7

> Samsung is hoping the launch of its foldables will help level out these losses Very serious question: Who is asking for foldable phones? Who is saying, "You know what's missing from my phone? More moving parts! A huge hinge for crumbs to get stuck in! I just can't enjoy this app unless it's in a square form factor and a crease in the center!"

I could absolutely see the flip style phone (small form factor and unfolds to normal size) being very popular. At the least it is convenient if you wear women's clothing, which roughly 50% of people do.

Even an old-ish model of the z flip has been surprisingly durable IME, and Samsung continues to improve on the hinge and screen crease designs. The latest z flip is also in line with the price of a new iPhone. Of course Samsung now has competition from the new Razr on this front, which I've heard is very good.

As far as the z folds are concerned, it does seem more niche to me. But that's the bet that Pixel made first so I guess we'll see.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#66

Post by adastra22 »

jsnell wrote: post #15
dmitrybrant wrote: post #7

> Samsung is hoping the launch of its foldables will help level out these losses Very serious question: Who is asking for foldable phones? Who is saying, "You know what's missing from my phone? More moving parts! A huge hinge for crumbs to get stuck in! I just can't enjoy this app unless it's in a square form factor and a crease in the center!"

Presbyopia starts kicking in at around 40-45 years of age, and makes reading on a phone screen increasingly difficult. It's hard to make the text large enough even with the largest of today's normal phone screens, especially considering the aspect ratio. The foldables fix that issue. Not only is the screen larger, but the aspect ratio is much closer to what you want for reading. I fully expect my next phone to be a f…

Get reading glasses.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#67

Post by seeknotfind »

It's interesting this article sounds like the issue is with their Android division, but other articles are painting an entirely different picture about the price of memory chips falling: https://www.forbes.com/sites/hyunsoorim/2023/07/26/samsung-p...

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#68

Post by caddemon »

solardev wrote: post #12
happytoexplain wrote: post #9

Earlier quoted context omitted.

The appeal of a big screen that fits in your pocket is obvious. The downsides certainly might outweigh that, but the reasoning is not a mystery like you're implying.

What good would a bigger screen in my pocket be? My current phone is already uncomfortably large. It's not like my thumbs or palms are getting any bigger. I wish they made smaller Pixel phones, not bigger.

If you dislike the size of your current phone, it sounds like you might enjoy the z flip.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#69

Post by helf »

dmitrybrant wrote: post #7

> Samsung is hoping the launch of its foldables will help level out these losses Very serious question: Who is asking for foldable phones? Who is saying, "You know what's missing from my phone? More moving parts! A huge hinge for crumbs to get stuck in! I just can't enjoy this app unless it's in a square form factor and a crease in the center!"

I do not like the crease and the larger foldables do not entice me bit I got work to let me get a zflip4 as a replacement and I have liked it way more than I expected.

It is a good form factor. Fits in my work shirt pocket.

I do industrial IT and a metal working factory and it has survived that environment with any complaints for a year now.

Re: Samsung sees 95% drop in profits for a second consecutive quarter

#70

Post by RandomWorker »

Samsung's like Apple's profits are cyclic in nature, when the new phone hits the market they have a massive/profit revenue increase, and that's how it goes. Saying that a quarter earnings are lower in profits, is because the base of appliances that Samsung sells have low margin (everything from washing machines, to tanks), while the phones they sell have a high margin. So The phone quarter you see larger margins, their December 2022 profit was around the 33%, while right now it's around 2-3%.
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