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Samsung slashes profit forecast on Note 7 fiasco

Technology : USAToday: Tech

The South Korean firm has stopped production of the smartphone.        

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

Technology : Venture Beat

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...

Samsung Estimates $2.3 Billion Loss Over Galaxy Note 7 Troubles

News : NYTimes: News

The company slashed its third-quarter profit estimate by a third to absorb the hit from its decision to end production of the smartphone and recall millions of devices.

Samsung Slashes Profit Forecast After Pulling Plug On Note 7 Smartphone

News : Huffington Post

SEOUL (Reuters) - Samsung Electronics Co slashed its quarterly profit estimate by a third on Wednesday, soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failure...

Samsung Slashes Profit Forecast Due to Galaxy Note 7 Recall

Technology : Tech -

Samsung Electronics cut its preliminary third-quarter earnings forecast due to its Galaxy Note 7 recall, reflecting the widening financial impact of the product-safety crisis on the South Korean technology giant.


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