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Sensational headline - 95%!? How bad is this for the South Korean economy?
The 95% drop in profit makes for more sensational headlines, though.
Serious question: how can a company recover from that and not go bankrupt? These seem like extraordinary numbers for the last half.
That being said a drop of around $10.5B is still insane and it would destroy just about any other smartphone manufacturer except perhaps Apple. Still it would be a much bigger issue for Apple because they phone are are more central to their overall business. Samsung can transfer funds from other business ventures.
I hate Apple, but I love the value of an iPhone. It lasts way longer.
> 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!"
Earlier quoted context omitted.
I was wondering if this counted its business in SK as well. The profits mentioned are in won, so I lean toward yes, but when I was in SK, fuckin' everything was Samsung. They even got Samsung autonomous autoturrets now[1]. How is Samsung not printing money? South Korea has the 12th highest GDP on the planet. [1] https://en.wikipedia.org/wiki/SGR-A1
Over the past 5 or so years everyone I know who previously held Samsung in high regard for non-phone products has had an experience which has put them completely off the brand for the foreseeable future. They market themselves as high-end, but their reliability, service, and usability are worse than the budget brands. It doesn't matter how awesome your TV screen looks if it stops working after 4 months because some p…
> 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!"
Corporations are valued on growth not on sales. Any idea to grow will be evaluated over just keeping a good product.
This is why companies are betting billions on crazy ideas while their products just become worse year to year.
A CEO that says, we will keep this ship floating will be fired the next day. CEOs are selected on how much grow they promise to bring and deliver to do.
Until this changes things are just going to be getting worse, more expensive and more bloated. And there is no enough competition to create a counter to it.
Serious question: how can a company recover from that and not go bankrupt? These seem like extraordinary numbers for the last half.
For it to go bankrupt it would need to have negative profits, which means greater 100% drop in profits.
Serious question: how can a company recover from that and not go bankrupt? These seem like extraordinary numbers for the last half.
Their profit was _only_ 500 million dolars, while previously was 11 billion dollars. That's still profit. And I dare to say good profit.
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...
> 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!"
Then, of course, the technology advanced (hardware and software) and my phone has replaced both my point and shoot and DSLR cameras (even if picture quality can’t quite replace good lenses and a big sensor, the convenience outweighs it, no more dragging along a big camera bag on vacation)
I’d love to have a reliable and inexpensive folding phone so I could have a big screen when I want it (like while commuting or on an airplane) but I can fold it up to a much smaller form factor when I don’t want the big screen.