Samsung news

Samsung Note 7 Fiasco Loses Expected To Reach $5B

By R. A. Jayme - Oct 16, 2016 02:39 AM EDT

Samsung Electronics said it expected the move to knock about $2.3 billion off its operating profit for the three months to Sept. 30. It forecast a further hit of around $3.1 billion to operating profit for the six months through March 2017 from the fallout of its bungled Galaxy Note 7 recall.

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