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After Galaxy Note7 calamity, Samsung cuts Q3 profits forecast by a third to $4.6 billion

Samsung has today issued a revised earnings forecast for Q3 2016, 24 hours after the Korean electronics giant confirmed it was killing its flagship Galaxy Note7 smartphone after a spate of fires reportedly caused by the device. Last week, Samsung estimated that its sales from July – September amounted to around 49 trillion Korean won […]
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