Samsung today announced that it estimates to lose mid-3 trillion won ($3.1 billion approx.) in operating profit from the fourth quarter of 2016 through the first quarter of 2017, due to the discontinuation of Galaxy Note7. Earlier this week the company revised its quarterly earnings guidance for Q3 2016 to cut operating profit by $2.3 billion, after … Continue reading "Samsung expects $3 billion impact in profits up to Q1 2017 after killing Galaxy Note7"
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