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Samsung's like Apple's profits are cyclic in nature, when the new phone hits the market they have a massive/profit revenue increase, and that's how it goes. Say
by RandomWorker 3y ago
Samsung's like Apple's profits are cyclic in nature, when the new phone hits the market they have a massive/profit revenue increase, and that's how it goes. Saying that a quarter earnings are lower in profits, is because the base of appliances that Samsung sells have low margin (everything from washing machines, to tanks), while the phones they sell have a high margin. So The phone quarter you see larger margins, their December 2022 profit was around the 33%, while right now it's around 2-3%.
- charrondev 3y agoYou might have missed it in the Article, but this is about quarter over previous year (same quarter last year) earnings. So the 95% decline in Q1 is being compared to Q1 the year before and so on. This would mean we are not comparing sales in the spring to sales last fall or in the holidays when a new phone released. Also mentioned is that their smartphone shipments are down more than 30% year over year.