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Samsung: Galaxy Note7 disaster will cut operating profit by more than $2.6 billion in Q4 and Q1 2017

The true impact of Samsung’s discontinuation of its Galaxy Note7 smartphone will cost the company approximately $2.6 billion (mid-3 trillion Korean won) in operating profit in both Q4 2016 and Q1 2017. Most of that will be realized during the last quarter of the year, and moving forward, Samsung said that it “plans to normalize […]
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