- cross-posted to:
- hackernews@derp.foo
- cross-posted to:
- hackernews@derp.foo
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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When money is tight you might use your phone for a year or two longer. 1000 Euro phones also don’t help the matter.
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.
My Galaxy S10 is on its 5th year I think. Really had no issues with it, even the battery. Only showing signs of slowdown this year.
Granted, I run my phone on 720p and constant battery saver lol
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.
I couldn’t agree more. I have a Zfold 2 that I’ve had since launch (3 years) and I look at the phones on offer now that I have an upgrade available and I see no reason to upgrade to a new phone for a marginally better camera and processor, there hasn’t been enough innovation in mobile tech in that time to warrant paying another £1000+ over another 3 years, I’ll rock this phone phone until it dies the same way I did my Note 9.
I’m in the same boat. I’ve still got an S10 from launch, although it’s noticeably wearing down in performance now. I’ll wait to the holiday season to see if I can get a deal on a new Samsung. At that point I’ll have used the s10 for almost 5 years. Used to get a new phone every other year but that’s not needed or wanted now.
Hell, I’ve had a £100 phone for 3 years already and it’s absolutely fine. I’ve noticed a little battery degregation but it still lasts a whole day. Plus a cheap batter change will make it last year’s more. I can’t understand why anyone would still sing those contracts for a new phone every 2 years.
Phones just went through the same thing PCs went through twenty five years ago.
Yeah, I’ve had my LG G8 for four years now and I’m just starting to look for replacements. Unfortunately the G8 is known for the battery being very hard to replace or I would be looking into a battery replacement service instead to get a couple more years of useful life.
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.
Seeing that you’re from Canada, why is this so? Why is living in Canada so expensive relative to elsewhere?
Government. Not liberals or conservatives, but the government as a whole. Canada has had many years where both liberal and conservatives were in charge, and nothing changed.
Canada doesn’t allow competition. We have 3 main internet providers, 3 main phone plan providers, like 2 grocery store chains, a couple airlines, etc.
When other companies attempt to come in to break up monopolies, they lobby, and get them shut down.
I mean where are we going to go? America isn’t really an alternative, as much as Americans think it is. Our healthcare, gun laws, etc are things that make Canada really good. We could move to some European or Scandinavian country, but that’s not as easy as it sounds, especially when you need to learn a new language, get accepted, move your entire life, and live in such a different culture.
So people in Canada just accept it. Maybe one day monopolies will be broken up, but there are no parties that are going to do that now. Left or right leaning.
Government. Not liberals or conservatives, but the government as a whole. Canada has had many years where both liberal and conservatives were in charge, and nothing changed.
Huh, it’s almost as if they don’t encompass as much of the political spectrum as they’d like us to believe.
Not just any government, but a government captured by capitalism
Isn’t refusing to break up monopolies against the idea of capitalism and competition?
Capitalism and free markets are separate things within the economic “sphere” of society. Capitalism is an economic doctrine that focuses on directing production through private capital; free markets (in theory) ensure “equal access” to markets for products (as compared to monopoly or (economic, not necessarily drug) cartel markets which restrict access).
Over in the “public sphere”, governments decide whether to jump in bed with private capital (often resulting in monopolies or cartels in economic marketplacs), or to make & enforce regulations that protect the (so-called) free market.
Or to make and enforce regulations that protect consumers – i.e. human f-ing beings – and enrich local economies without protectionism and “zero sum games”, but I guess we shouldn’t get too carried away here ;)
Thanks for the clarification!
It’s big and cold. How much food do you think grows there? There’s actually plenty of cheap land but people like to live with other people.
If you don’t want modern conveniences, I bet it’s cheap. I bet you can live off of potatoes and chicken for like $0.
It’s not cheap. Buying a crack shack in a shitty province with basically no job opportunities costs more than a nice place in LA.
Actually.
Getting a piece of shit, run down, SHARED town house in Nova Scotia costs more than a decent house in LA.
You can get a rural house with land for no money. You can grown your own potatoes and raise chickens. That life is exceptionally cheap. But like I said:
People like to live with people.
So the problem is, Canada is big and cold. No one wants to live in the cheap areas.
Yeah I watch a girl on YouTube who bought a run down old house in Nova Scotia + plenty of land for I think $64k? It obviously takes a lot of work to get it modernized but it was technically liveable when she bought it. But it’s kinda out in the middle of nowhere and therefore not as desirable.
(If anyone cares, she’s a booktuber but she has a whole video series on refurbing the house. Her name is Ariel Bissett.)
Maybe they could stop taking features away from their phones. Put a micro SD and aux jack back and I’d buy one
Sooo… you want a Sony Xperia then
Stupid money, loved the Z series but the price skyrocketed
Maybe I am in the minority but I’ll never need an aux jack again and I see it as another point of failure for water damage.
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This is why I’m still using my LG v60, it had the best headphone jack and dac at the time and probably still does looking at everything else currently on the market.
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Next they’ll removing the charging cable and send us just a fucking phone.
Oh you mean like google did? I was pretty surprised and disgusted they didn’t include a charging cable with my pixel 7. All I got was a 6 inch data transfer cable.
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I’m still rocking the v60 also. LG started packing a world class DAC into their smartphones back with the LG v35 and kept it going all the way to their pinnacle (the v60). The v35, the v60, and everything in between had audio superiority that still hasn’t been beaten by other modern flagships.
I’m going to be inconsolable when my v60 finally needs replacing.
V50 user here (didn’t get V60 cause of the larger size) I broke my phone a few months ago, filtered GSMarena for a replacement that’d fullfil my criteria, and Sony Xperias were the the best of the few options that it spat out. Ended up just fixing the V50 for $100, I too will probably hold onto this until it actually breaks.
Ahh like I get the argument but it is technology progressing, lots of cars didn’t have cd players when the world moved from tapes. The infrastructure responds to demand.
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It’s not to spend more money, there’s a real increase in value Bluetooth provides to most people. Yes there are edge cases, but when you can get a a blue tooth headset for $5-20 it’s not really cost prohibitive any more.
Remember when the singe piece Bluetooth mics were like $100 when Bluetooth first started hitting mainstream phones? Many people didn’t think it was worth $100 to use an unwired headset for phone calls.
Well now, that phone is also your entire music collection, your cable box and much more. Being untethered makes a lot more sense.
In addition, easily Bluetooth destroyed device batteries, now it’s more power and you can just leave it running all the time in your phone.
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I think also, the removal of the port allowed for better engineering around the screen and better waterproofing and thinner devices.
I think with the EU mandating phones use USB-C, it might push apple into to drop port charging all together. You may see MagSafe only charging iPhones in the EU or everywhere soon.
Just because it’s more modern doesn’t mean it’s a 1:1 replacement.
Wired is cheaper, and it has better quality, but it can also be annoying if you’re doing sports.
It’s the same for HD and SSD. I still prefer HD to store multimedia and backups, despite being slower and older than SSD.
There is no reason for them not to coexist.
Removal of an industry standard for a feature with inferior sound quality is not technology progressing imo. I’d be fine with them removing it if lossless Bluetooth became an industry standard, but that hasn’t happened.
For example, the in flight entertainment has a 3.5mm jack, not a Bluetooth transmitter.
I love Bluetooth and use it a lot, but it’s not ready to outright replace 3.5. They should supplement each other
Maybe I am in the minority but I’ll never need an aux jack again
There is still significant lag for bluetooth audio on both ios and android platforms. It’s doesn’t really impact calling, and it doesn’t really impact watching video content (because they figured out how to measure that latency in real time and inject artificial delay into the video stream so that audio and video sync). But what they haven’t figured out yet is the answer for bluetooth audio for gaming. When gaming, you can’t arbitrarily delay the video feed so that it lines up with audio, so the bluetooth audio experience is complete dogshit for any gaming scenario. If you game, you have to use the physical cable or the constant audio lag will drive you mad.
Also, there used to be (still are) a fair number of accessories designed to work through the aux port. Examples: mobile credit card readers that connect through aux jack (like square/paypal) that are used heavily by small vendors (especially for shows/events); also things like selfie sticks that use a cable plugged into the aux jack connected to a length of wire running inside the selfie stick to a button on the end of it.
The market is starting to come up with wireless versions of these things, but the modern wireless versions now require unique ios and android versions of them when the aux-jack solution used to be platform independent.
Also, the audio quality of an aux jack is an order of magnitude superior to anything that can be piped through bluetooth…still.
I very much appreciate devices still throwing traditional aux jacks onto mobile devices. Ideally, there will be a wireless technical solution that eventually is superior, but that technology is definitely not bluetooth and we’re still waiting for it to be invented and hit consumer availability.
Would love to read more about the Bluetooth lag. Does it affect Bluetooth dac’s like the fiio btr5 as well?
Wait… they’re removing SD cards?
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What do they need all this space for?
They removed the keys for the screen. Ok.
Phones got bigger for the screen. Ok.
Phones got thinner, monolithic-like and they removed replaceable batteries. Why?
They removed the 3.5mm jack. Not ok, full stop.
They removed the SD card slot. A cloud’s not a storage card.
I heard they’re removing SIM card slots as well.
Gradually making phones into TV’s with sensors is bad. What if next you’re considered dead or criminal when offline?
What is this, 1995? /jk
Nah it’s 2005
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.
Funnily enough they still have expandable storage on the A54. It’s only their best models where they know they can gouge for more storage.
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!
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.
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!!!
Dude a 95% drop in profits YOY is most assuredly newsworthy
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.
If a company did that it would be extremely newsworthy, as a 1,000,000,000,000x profit increase.
I don’t see your point.
If the same company made 10,000,000 last quarter and then made 500,000 this quarter that would also be newsworthy… as you know, a 95% drop in profits.
“Company so and so did an INFINITE PROFIT INCREASE!”
Stupid.
My point is that it’s stupid to use percentages when reporting profits unless you’re writing for clicks. That’s not how professional do it when looking at earnings reports. Ever. And for good reason. Again, Samsung stock is not tanking, because investors are smarter than internet kids who are bad with numbers.
Revenues are looked at as percentages. Profits are looked at as raw numbers. Typically.
Relevant username btw hahaha
😳I really didn’t mean to upset you so much wee man… don’t get too emotional. Just having a conversation here aren’t we?
Percentage is entirely legitimate to look at, it’s merely a way of quantifying what the raw numbers mean versus the raw numbers from last years performance.
No one said Samsung stock is tanking, you’re kind of shouting that into an empty room.
I was acknowledging that a 95% drop in profits vs the same period over the previous year is definitely a newsworthy item especially in two consecutive quarters… I think any shareholder of Samsung would agree.
Company makes 1 dollar q1 2022. Company makes $.05. Q2 of 2023.
Headline: “company loses 95% of its profits.”
It’s the opposite of meaningful.
It is meaningful if you measure Q1 2020 vs Q1 2021. You’ve got a bit confused as to what YOY is, you’re not just measuring two random quarters from different years (q1 2022 vs q2 2023?), you’re comparing against the performance in the same quarter the previous year.
It is a very meaningful way of judging whether a companies performance (ability to turn a profit and create value for the investor) has improved against the same period the previous year.
https://www.investopedia.com/terms/y/year-over-year.asp
There is a little bit of very basic information for you. I can try find something more colourful and with nice pictures if you need.
Maybe make better products, return to high QA, and deal with customers as customers and not enemies?
Nah, take on another L instead.
Yeah, this would be the effect of those C-Suites trimming innovation and driving away actual brains in the company all for their golden parachutes.
Sooner or later there’s always a find out phase.
Couldn’t be the pricing! Nah. It’s the need for foldable phones
Considering that Samsung is basically the South Korean government this may be worse news than it seems.
I have a four year old phone, and unless I do something stupid I don’t know why I would change.
Performance is a non issue in 2023
I think this is a much more significant factor than everyone saying they want SD and AUX back. A 2019 phone is still very good from a hardware perspective, especially for the needs of the majority of users. Phones plateaued awhile ago.
Numbers must only go up… no down
WSB monke I see you
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What the new phones have? Security updates!
Umm, well actually, it’s Samsung, so please forget what I said.
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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.
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?
Also removable batteries gone
That’s supposed to be coming back by EU law in the next few years. So we have that at least.
Still using my iPhone XS Max from 2018 and see no reason to upgrade
Still using iPhone 5
