this post was submitted on 29 Jul 2023
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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 1 year ago by L4s to c/technology
306 comments fedilink hide all child comments
 

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.

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[–] profdc9 44 points 1 year ago (1 children)

Yeah, this is the chaebol system at work. The Faustian deal between these megacorps and the citizens of South Korea means that it is impossible for Samsung to fail or to be accountable for their bad business decisions. South Korea is the most developed cyberpunk technofeudalistic society.

[–] [email protected] 12 points 1 year ago (1 children)

without any kids. They're in for huuuge trouble.

They went from one million births in 1960 to just 250k last year.

The birth rate is below 1.

with a birth rate of 1, four grandarents make a single grandchild.

Once we go below 1, most people will never even be grandparents.

The boomers will enter retirement age soon, I'm not really sure how that will work.

They definetely won't be able to do anything against North Korea. They will either be bedridden or care for someone bedridden.

[–] psud 3 points 1 year ago (1 children)

I think boomers are all retired, it's gen X and Millennials that don't breed

[–] [email protected] 2 points 1 year ago (1 children)

Youngest boomers are 59, so still not all retired.

Likely not having that many kids though.

[–] psud 1 points 1 year ago (1 children)

Ok. I guess I live in a wealthier place, they all retired here on generous pensions at age 54 and a half

[–] [email protected] 1 points 1 year ago

Could be. My dad retired at that age in the 90s. But he was Silent gen, not a boomer.