I guess this was expected after the galaxy note 7 was exploding in people pants.
"The South Korean firm now expects third quarter profits of 5.2tn won ($4.7bn; £3.8bn), which is a third lower than its original estimate of 7.8tn won.
The Note 7 was recalled last month after battery fires, but after replacement phones experienced the same problem, Samsung scrapped the device.
Ahead of the profit warning, Samsung shares fell 0.8% on Wednesday.
That added to Tuesday's 8% fall." BBC reported
No comments:
Post a Comment