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.
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.
Dude a 95% drop in profits YOY is most assuredly newsworthy
Maybe if it was revenue. Such a drop in profits could be from many ordinary business operations like expansion
It states in the article that it is from less than expected sales, no?
No. Not at all.
If a company made one penny last quarter, and 10,000,000 this quarter, then their profit is up 10 billion percent. It’s a stupid headline.
Is it your belief that Samsung made hundreds of billions of dollars mysteriously in on huge surge?
Revenue matters more since companies tend to invest in future technology. Most serious business analysts would never talk about profit in percentages. This is clickbait. Hence why the stock price (determined by investors not Reddit tech refugees) is not suffering.