Tuesday, 22 August 2017

Galaxy Note 7 fallout to wipe €2.4bn off Samsung's earnings over next two quarters

By Nick Wood, Total Telecom
Friday 14 October 16

Troubled electronics giant plans to fill the void by driving sales of S7, S7 Edge smartphones.

Samsung on Friday announced that discontinuing the Galaxy Note 7 will wipe approximately mid-3 trillion won (€2.4 billion) off its operating profit for the next two quarters. Fourth quarter 2016 earnings will be hit to the tune of approximately mid…

Samsung on Friday announced that discontinuing the Galaxy Note 7 will wipe approximately mid-3 trillion won (€2.4 billion) off its operating profit for the next two quarters. Fourth quarter 2016 earnings will be hit to the tune of approximately mid…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry