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Samsung sees 95% drop in profits for a second consecutive quarter
(www.androidauthority.com)
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this post was submitted on 29 Jul 2023
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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.
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.
Even my iPad keyboard (the folio from Apple) “only” cost like £180. Samsung’s going nuts.
But don't Samsung at least throw in the spen?