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Samsung will take $5.3 billion hit from Note 7 recall

Issuing a global recall for the Galaxy Note 7 is going to cost Samsung even more money than it expected. Samsung released a statement to investors today revealing that its fiery phablet will hurt overall profits for the next two fiscal quarters, costing the company a total of $5.3 billion. The South Korea-based company already […] (via Cult of Mac - Tech and culture through an Apple lens
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