<story><title>Samsung forecasts 85% drop in profit as chip sales falter</title><url>https://koreajoongangdaily.joins.com/news/2024-01-09/business/industry/Samsung-forecasts-85-drop-in-profit-for-last-year-amid-chip-slump/1954130</url></story><parent_chain></parent_chain><comment><author>hn_throwaway_99</author><text>Big pet peeve is when journalists highlight the percentage change in &lt;i&gt;profit&lt;/i&gt; in the headline just because it&amp;#x27;s a bigger, scarier number. Big companies swing from profits to losses (and vice versa) all the time, but you rarely see it highlighted as &amp;quot;Profits drop 158%!&amp;quot; because (a) that doesn&amp;#x27;t really make sense, but more importantly (b) it highlights how dumb it is to use percentage change in profit in the first place.&lt;p&gt;The more useful metric is given in the article: &lt;i&gt;revenue&lt;/i&gt; was down 14.6 percent on year.</text></comment>
<story><title>Samsung forecasts 85% drop in profit as chip sales falter</title><url>https://koreajoongangdaily.joins.com/news/2024-01-09/business/industry/Samsung-forecasts-85-drop-in-profit-for-last-year-amid-chip-slump/1954130</url></story><parent_chain></parent_chain><comment><author>bastardoperator</author><text>Is it just chips? Because their consumer appliance division seems to have huge problems. I bought a fridge and it was fully dead in under 6 months. I was able to get a full refund because they lost a class action lawsuit, but it&amp;#x27;s crazy how bad their appliances are, I don&amp;#x27;t trust samsung for anything, also:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.usatoday.com&amp;#x2F;story&amp;#x2F;news&amp;#x2F;investigations&amp;#x2F;2023&amp;#x2F;10&amp;#x2F;25&amp;#x2F;samsung-refrigerator-investigation-complaints-continue&amp;#x2F;70982873007&amp;#x2F;#:~:text=A%20federal%20class%2Daction%20lawsuit,dismiss%2C%20the%20legal%20action%20continues&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.usatoday.com&amp;#x2F;story&amp;#x2F;news&amp;#x2F;investigations&amp;#x2F;2023&amp;#x2F;10&amp;#x2F;2...&lt;/a&gt;.</text></comment>