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Samsung estimates Note7 fallout at about $3.1 billion

Now that Samsung's flagship Note7 phone is fully recalled and discontinued due to exploding batteries, two questions remain: Why, exactly, did this happen, and how will this impact Samsung financially? On Friday, Samsung released an estimate on the latter, saying the it expects a "mid-3 trillion won" impact in operating profit for the fourth quarter of 2016 and the first quarter of 2017.
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