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.

    • lobut@lemmy.caEnglish
      12·
      1 year ago

      I was so happy when they released those commercials with their commitment to the headphone jack after Apple abandoned it.

      After they dropped it, they made sure I’ll never buy another phone from them. They probably don’t care. They probably make more than enough through their bluetooth headphones.

        • kalleboo@lemmy.worldEnglish
          8·
          1 year ago

          Sales are “only” down 37%, it’s profits that are down 95%. Which means either they’ve had to discount their phones, or they’re not selling enough volume to make up for R&D.

    • float@feddit.deEnglish
      7·
      1 year ago

      Either you make products that people want or you don’t, it seems pretty simple to me.

      Imo even big companies fail to realize that they don’t know (or care) anymore what the customers want. Marketing used to be: analyze the market and find out what’s a good product to sell. Nowadays marketing is: make personalized ads and try to push whatever crap is cheap to produce to people who don’t realize they don’t even want this. Also make it look a lot better than it actually is.

      Samsung, stop trying to imitate Apple, it’s no use. You don’t have the vendor lock-in and cult-like status to pull that off. Just make good products at affordable prices. Ask the customers what they want, it’s that easy.

      • tiredOfFascists@reddthat.comEnglish
        21·
        1 year ago

        You’re very correct. A core belief at apple is that the customer is too stupid to know what they want, so you can whatever you want down their throat.

        There is some merit to the idea that true innovation won’t be anticipated by customers so you have to take risks. But the way apple does it pisses me off to no end.

        No apple, removing every port (except shitty ass lightning ports of course) is not a good idea. It just isn’t.

      • Thadrax@lemmy.worldEnglish
        1·
        1 year ago

        Ask the customers what they want, it’s that easy.

        Don’t forget though, that the typical customer may be very different from the bubble on this site.

    • WhirlybirdEnglish
      1·
      1 year ago

      Either you make products that people want or you don’t, it seems pretty simple to me.

      Since Samsung are the undeniable leaders in Android phones then I guess they make products that the people want more than anyone else. People that want SD cards and headphone jacks enough to not buy a phone without them are clearly a tiny, tiny, tiny minority.

      Everyones sales are tanking, not just Samsung.