Thursday, 6 October 2016

Samsung's quarterly earnings weren't affected by the Note 7 recall

Samsung might spend as much as $1.8 billion recalling and replacing 2.5 million Galaxy Note 7s, but it still expects a 5.6 percent operating profit growth for the third quarter. According to the Korean chaebol, its profit will likely reach 7.8 trillion won ($7 billion) for July to September, up 400 billion won from the same period last year and 400 billion more than forecasts predicted. See, despite its Note 7 issues, the company's chip and display business has been doing very well -- it might even be this quarter's top earner, knocking Samsung's mobile division off its perch.

Source: AP, Reuters


Samsung's quarterly earnings weren't affected by the Note 7 recall posted first on http://ift.tt/1tUdcCk

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