Thursday, October 13, 2016

Samsung expects a loss of $3 billion due to the Galaxy Note 7 – Росбалт.RU

the South Korean company Samsung announced that it expects a loss of more than $ 3 billion in the next two quarters, writes Reuters.

In the fourth quarter of 2016 the company expects losses in the range of two trillion won ($ 2.2 billion) and nearly one trillion won in the first quarter of 2017. The reason for this was the scandal of the exploding smartphone Galaxy Note 7.

Earlier it became known that Samsung has lowered the forecast for operating profit by 33% because of the situation with the Galaxy Note 7.

in addition, according to sources TASS, Samsung will eliminate the brand Note.

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