What’s the expected fallout from the Galaxy Note 7 on Samsung’s books? Oh, in the “mid-trillion Won” over the next two quarters, according to Samsung, which translates to a cool $3 billion or so. What will it do to try and reduce or ease some strain there? Expand sales of the Galaxy S7 and Galaxy […]
Galaxy Note 7 Death to Cost Samsung Close to $3 Billion Over Next Two Quarters is a pos
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 ...
Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost of the recall to at least $5.3 billion.
Samsung announced its Galaxy Note 7 recall will cost the company about $3 billion (3.5 trillion won) in operating profit due to discontinued sales. It expects most of the lost sales (about $2.2 billion) to hit the bottom line next q...
Samsung said it expects a ‘mid-3 trillion won’ (roughly $3 billion) deficit from the Note 7 in Q4 2016 through to Q1 2017.