Samsung Electronics announced today that it estimates a negative impact of approximately mid-3 trillion won in operating profit from the fourth quarter of 2016 through the first quarter of 2017, due to the discontinuation of Galaxy Note7 sales.
The company already allocated the expected direct cost from the discontinuation of Galaxy Note7 sales in its third quarter earnings guidance revision.
The company says its operating profit will fall in the mid-3 trillion won range from the fourth quarter through the first quarter.
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...
The discontinuation of the Galaxy Note 7 phone will have ripple effects on Samsung’s operating profit for the next two quarters. ||| Seoul - Samsung Electronics on Friday said it expected to take a hit to its operating profit of abo...
Samsung Electronics expects a total hit in operating profit of about 3.5 trillion Korean won ($3.1 billion) in the final quarter of this year and first quarter of next year due to the discontinuation of its Galaxy Note 7 smartphone.