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Wireless

Samsung warns for profit hit in Q4, Q1

Friday 14 October 2016 | 09:51 CET | News
After lowering its guidance for the third quarter on the back of its Galaxy Note 7 woes, Samsung said it expects a drop in revenue to continue affecting profits the following two quarters. The company said the move will have a negative impact of mid KRW 3 trillion (EUR 2.4 billion) on its operating profit from the fourth quarter of this year through the first quarter of next year. The impact is expected to be in the mid KRW 2 trillion range for Q4 2016 and KRW 1 trillion for Q1 2017.

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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