Samsung Sees 95% Drop In Profits For a Second Consecutive Quarter

For the second consecutive quarter, Samsung reported a 95% decline in year-over-year profits. "It appears Samsung brought in a profit of 0.67 trillion ($523.5 million) Korean won (KRW), which is a drop in the bucket to the 14.12 trillion KRW ($11.06 billion) it made last year," reports Android Authority. From the report: Samsung attributes this loss in profit to the decline in smartphone shipments due to "high interest rates and inflation." As a report from Counterpoint Research suggests, the US