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Samsung sees 95% drop in profits for a second consecutive quarter (www.androidauthority.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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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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[–] 1 point 3 years ago*

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.

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