Reuters logo
Samsung expects another $3 bln hit to profit from Note 7 failure
October 13, 2016 / 11:57 PM / a year ago

Samsung expects another $3 bln hit to profit from Note 7 failure

SEOUL, Oct 14 (Reuters) - Samsung Electronics Co Ltd on Friday said it expects to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone.

The South Korean tech giant said in a statement it expected the blow to profit to be in the mid-2 trillion won range in the fourth quarter and about 1 trillion won ($897.06 million) for the first quarter of 2017. ($1 = 1,114.7500 won) (Reporting by Se Young Lee; Editing by Stephen Coates)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below