this post was submitted on 29 Jul 2023
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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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[–] [email protected] 207 points 1 year ago (24 children)

each new phone is more expensive, with less functionality.

hover on the touch screen? gone

iris scanner, gone

headphone jack? gone

air pressure sensor? gone

humidity sensor? gone

ir blaster, gone

meanwhile I get charged out the ass for storage space.

Why the fuck would I want a newer phone?

[–] Eheran 70 points 1 year ago (10 children)

Don't forget the SD card slot missing, S20 was the last one that had it. I still don't know what to get after that, just because of the missing SD.

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[–] [email protected] 48 points 1 year ago (6 children)

Also removable batteries gone

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[–] [email protected] 161 points 1 year ago (3 children)

When money is tight you might use your phone for a year or two longer. 1000 Euro phones also don't help the matter.

[–] vinnymac 69 points 1 year ago (2 children)

While I don’t use a Samsung, I am over half way through my phones fifth year. Other than a battery replacement I’ve had literally no problems whatsoever.

If only lifespan and right to repair were written into law everywhere.

[–] Zeth0s 55 points 1 year ago (12 children)

Software updates are the problem unfortunately

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[–] Got_Bent 31 points 1 year ago (6 children)

It also seems like the whole you gotta upgrade every other month hype has long since died down. It's not the exponential improvements that it was ten or twelve years ago.

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[–] [email protected] 123 points 1 year ago (20 children)

Sorry. I'm just trying not to get evicted due to living in a country with the highest rent, internet, food, and data plan prices.

[–] bighatchester 48 points 1 year ago (1 children)
[–] [email protected] 37 points 1 year ago (1 children)
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[–] dgilluly 97 points 1 year ago (9 children)

I've said it before and I'll say it again.

This is a sign of an upcoming recession if we aren't already in one. People are starting to run out of their savings due to stagflation and are looking for areas to cut. Buying a new phone every year or every other year and replacing laptops every 5 years are among the first things to go in anyone's budget.

So currently the only people refreshing their devices are the people who NEED new devices.

Capitalist economies always need spends out of desire and not just necessity.

Worst part is instead of reversing the gouging these companies will probably just go ham on the planned obsolescence.

[–] Myrbolg 49 points 1 year ago (4 children)

Or simply that prices have become insane. Good phones used to be around 400, taking me a few days to think about it and say yes. Now they are beyond 1000, so I will do my best to avoid having to upgrade and go with custom ROMs again. In the meanwhile, we also lost exchangeable batteries, external SD cards, and microphone jack, and we gained more Google spyware and bloat.

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[–] Oneobi 22 points 1 year ago (7 children)

The gouging is insane. £300+ for a tablet keyboard case for the s9 ultra.

I got one free as a preorder for the s8 ultra. No chance I am paying that much for a keyboard.

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[–] pizzazz 90 points 1 year ago (10 children)

Drops in profits can mean investments, new hires and a myriad of other stuff. No meaning in the headline whatsoever. Profits are not revenue.

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[–] YaksDC 81 points 1 year ago (14 children)

Foldable devices seem like the 3d TVs of the last couple of years. I will not be getting one any time soon.

[–] [email protected] 36 points 1 year ago (1 children)

After having one, it's really amazing and the form factor and random utility it brings (built in tripod, easy to aim flash light and be hands free). The screens just need work. The crease is a non-issue as far as using the phone, but the little screen protectors that manufacturers say not to take off will deteriorate after like 6 months.

I think it's close though and I do often miss my foldable.

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[–] kingshrubb 67 points 1 year ago (30 children)

Maybe they could stop taking features away from their phones. Put a micro SD and aux jack back and I'd buy one

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[–] Amilo159 61 points 1 year ago (11 children)

As a Samsung user of 6 years, mainly due to job phone policy, I say they deserve it.

Great screens, but gawddamn they aren't worth their price. No charger, no headphone jack, no expandable storage, fingerprint sensor that are iffy and damn OS taking up 30% of your storage, no matter which option you go for.

I like the camera and s-pen on my S22u but that's it. They need to lower price and make competent mid range phones again, like the A52s.

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[–] Hazdaz 58 points 1 year ago (1 children)

They still made around $1/2 BILLION.

I love how every headline about their earnings focuses on the drop from before and not on the actual number they made.

Boo-fucken-hoo the record profits they were making the last few years couldn't be sustained forever. Oh noes!1!!!

[–] SCB 61 points 1 year ago (9 children)

Dude a 95% drop in profits YOY is most assuredly newsworthy

[–] ryannathans 34 points 1 year ago (1 children)

Maybe if it was revenue. Such a drop in profits could be from many ordinary business operations like expansion

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[–] Snapz 46 points 1 year ago

And remember, nobody is actually losing money, they just aren't making as much as they'd hoped. You make shitty products and you homogenized with Apple losing anything that made you distinct and close to worthwhile. Fuck Samsung, all my homies hate Samsung.

[–] profdc9 44 points 1 year ago (5 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.

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[–] [email protected] 43 points 1 year ago (5 children)

Who could know that refusing to patch critical bugs or, for that matter, to put any effort at all into software while constantly raising product prices would piss off the customers? It’s a mistery!

[–] whereisk 22 points 1 year ago

I can't believe that the whole Android ecosystem -and I mainly blame Google, let Apple outplay it at system updates. It was always going to come to a head as people keep their phones longer and longer.

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[–] fleetw16 35 points 1 year ago (12 children)

Lol everyone commenting it's because THEY don't want to buy a new phone. Samsung supplies screens, electronic internals for other companies, and a fuck ton of appliances. They don't only make phones..

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[–] Macropolis 32 points 1 year ago (1 children)

Samsung sucks and most corporations in tech have horrible practices. At least the big ones. Profits over people is there motive. Tech should be human friendly

[–] andy_wijaya_med 25 points 1 year ago

All corporations are going for profit. None of them are thinking about you.

[–] Throwaway4669332255 29 points 1 year ago (1 children)

Numbers must only go up... no down

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[–] [email protected] 28 points 1 year ago (25 children)

I know personally that I would never buy a Samsung phone again. The budget models are filled with ad/crapware. The premium models are expensive, gimmick laden and bad value.

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[–] [email protected] 28 points 1 year ago (1 children)

I used to be a huge fan of Samsung and it was the only things I bought. They aren't any better than competing brands and looking back now brand loyalty is just really dumb especially when the companies don't give a flying fornication about you. Buy something that works and in your budget. No more Samsung purchases from me.

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[–] [email protected] 28 points 1 year ago (8 children)

I don't even want to buy a new phone. It's been more than four years. What great productive work are most people doing on them anyway?

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[–] jacktherippah 28 points 1 year ago (7 children)

I stopped buying Samsung when they started with the Knox bullshit. I saw it as an anti-consumer move.

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[–] [email protected] 23 points 1 year ago (1 children)

The chairman of Samsung is a convicted criminal, by the way. Pardoned by the totally not corrupt president. Apparently he's such a genius that laws don't apply to him.

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[–] [email protected] 22 points 1 year ago (2 children)

Fuck Samsung, I've had the worst experiences in all of tech with their support system. I had a bad ram module on my s22 and even used the Samsung Support app and had a tech point it out to me. Sent it in and apparently the repair center can't see those notes that the support dev had written. It took 3 tries and countless calls to support, and eventually got in contact with the office of the CEO, and they basically admitted their backend support is so fractured that someone with phone in hand can't see any notes any other tech had written. They then decided to give me a refund, which was for less than the receipt, and after fighting for another MONTH to get them to give me the correct funds, they finally sent it to me. 3 months in total. Fuck Samsung.

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