Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.

  • @ArbiterXero
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    631 year ago

    But still a profit. Just not as much of profit as last year.

    We are making money, but not as much money as I want. SMITHERS! Fire people randomly until I feel better about only making a few billion, instead of a hundred billion.

    • @[email protected]
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      301 year ago

      The entire economy is about companies making higher and higher profits, and if they don’t, economists worry it’s a stagnation. Lol. We really are quite fucked.

      • @thrawn
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        81 year ago

        I agree that the hamster wheel of infinitely increasing profits is bad. But even in a better world where companies weren’t expected to report record profits every single quarter, an 80% drop would still be rather alarming.