Sensational headline - 95%!? How bad is this for the South Korean economy?
It depends. Do regular profits "trickle down" or are they stored away in foreign countries?
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
#42Reminds me of the ending for Micro Men, where Sinclair and Acorn fail to sell their products and go broke.
In part it was because everyone who wanted a home computer already had one.
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#43> 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!"
Another serious question: Don't the foldables have insanely good unit-economics?
What do you mean? That they are profitable because they are sold at higher prices and don't cost much more to make?
I would expect the low volume and manufacturing difficulty would make them more expensive to build
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#44Re: Samsung sees 95% drop in profits for a second consecutive quarter
#45Earlier 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…
Yeah, I personally hate Samsung because of their followthrough. They try to mimic Apple but never quite seem to "get" it. They were just yooge in SK when I was there.
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#46Serious question: how can a company recover from that and not go bankrupt? These seem like extraordinary numbers for the last half.
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#47> 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…
Or just increase the size of fonts. Samsung's font is actually pretty readable so i don't see this being a problem. A phone has to have a manageable small size to be useful.
OTOH they have removed sensors and ports because they want to sell more watches, which is infuriating
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#48Earlier 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.
So, larger screen means you get to display more pixels on the screen at a time.
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#49Serious question: how can a company recover from that and not go bankrupt? These seem like extraordinary numbers for the last half.
It's family owned, no?
Re: Samsung sees 95% drop in profits for a second consecutive quarter
#50> 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!"
Me me me. I want a foldable phone because I read pdfs and watch videos on my phone. The problem is that I’m in the apple ecosystem. But every new foldable that gets released give me more and more excuse to leave the apple ecosystem (if I dont have an iphone, then, whats the point of my macbook pro and ipad pro?)