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.
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..
Yet the article says Samsung attributes that to the phones market?
Samsung attributes this loss in profit to the decline in smartphone shipments due to “high interest rates and inflation.”
Something else that doesn’t seem to bode well is the fact that Samsung believes the boost that came from the launch of the Galaxy S23 series has faded.
And expects a comeback because it’s launching new models…
The manufacturer highlights the launch of the Galaxy Z Flip 5 and Galaxy Z Fold 5. It also believes that the smartphone market will make a return.
This seems to indicate that most variable profit comes from the smartphones market.
Do you have a source for Consumer Reports having sponsored reports or not?
Are you referring to the $375,000 grant from the Climate Imperative Foundation to sponsor a report (with disclosure) on the impact of gas stoves on indoor air quality? That's the only instance I've been able to find in my searches on the subject.
If that's what you're referring to, are you suggesting that because CR once took a single payment to sponsor an article on gas stoves, that their reviews of washing machines are biased by sponsorship, even though they disclosed the former and haven't disclosed the latter?