Home United States USA — IT Samsung expects fired-up profits despite Note 7 flameout

Samsung expects fired-up profits despite Note 7 flameout

236
0
SHARE

NewsHubSamsung’s profits didn’t burn to ground after all in the Great Galaxy Note 7 Implosion.
The South Korean electronics giant on Friday released a forecast for its earnings report for the October-December period, saying it expects a $7.8 billion boost in its fourth-quarter operating profits. This comes even though the Note 7’s fiery recall was expected to cost the company $3 billion during those three months.
What drove the fourth-quarter for Samsung was Galaxy S7 phone, its lineup of chips and its display screens.

Continue reading...