Samsung Galaxy Note 7 problems cause drop in profit
Youtuber Ariel Gonzalez shares images of his Galaxy Note 7 phone after it set on fire Ariel Gonzalez / YouTubepokemon/" target="_blank">sung/" target="_blank">Samsung has blamed the exploding Galaxy Note 7 for a drop in its earnings over the last three months.ADVERTISEMENT'Exploding' Samsung Galaxy Note 7s: the 'Galaxy Gate' story so far 'Exploding' Samsung GalaxyNote 7s: the 'Galaxy Gate' story so farDespite "stable sales" of the Galaxy S7 and S7 Edg e, financial documents reveal the impact of the Note 7's failure has already hit.Read more Why Samsung's Note 7 crisis could finally help solve the problem of poor battery life Why Samsung's Note 7 crisis could finally help solve the problem of poor battery life"The mobile business saw its earnings decrease significantly quarter-on-quarter due to the effects of the discontinuation of the Galaxy Note 7," Samsung's statements said.
Samsung reports sharp fall in profit on Galaxy Note 7 recall
The Galaxy Note 7, initially launched as pokemon/" target="_blank">sung/" target="_blank">Samsung's weapon to kill the iPhone, was scrapped in less than two months.Photo: Bloomb ergSeoul: Samsung Electronics Co. Ltd reported a sharp fall in its quarterly earnings on Thursday as the unprecedented recall and discontinuation of the Galaxy Note 7 smartphones wiped out its mobile profit.For the July-September period, Samsung's net income was 4.4 trillion won, down 17% from 5.3 trillion won a year earlier.
Galaxy Note 7 recall sinks Samsung profit
Galaxy Note 7 recall sinks pokemon/" target="_blank">sung/" target="_blank">Samsung profitA Samsung customer browses a web page showing a fire-damaged Samsung Note 7 mobile phone, on a similar device, at a Samsung store in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016.Samsung Electronics slashed its third-quarter profit estimate by 33.3 per cent, citing fallout from the recall nightmare surrounding its scrapped Galaxy Note 7 smartphone./ AFP PHOTO / Ed JonesSamsung Electronics said its net profit fell 16.8 per cent to 4.54 trillion Korean won ($US4.0 billion) in the third quarter, as a disastrous recall of its premium Galaxy Note 7 smartphone caused the company's mobile division to report its smallest quarterly profit since it launched its first Galaxy series phone more than six years ago.
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