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Wireless

Samsung profits fall on costs of Note 7 recall

Thursday 27 October 2016 | 08:29 CET | News
Samsung reported third-quarter results down in line with its earlier profit warning, after the recall of its failed Galaxy Note 7 smartphone. Sales fell to KRW 47.82 trillion from KRW 51.68 trillion a year ago, and operating profit dropped to KRW 5.20 trillion from KRW 7.39 trillion. Net profit was down to KRW 4.54 trillion from KRW 5.46 trillion.

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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