Samsung estimates $3 billion loss over the next two quarters

Samsung logoThere is no doubt that Samsung is sure to lose boatloads of money over the Samsung Galaxy Note7. Today, the company announced that it expects 3.5 trillion won (around $3 billion) to negatively impact the operating profit through Q4 and Q1 of 2017. That’s after Samsung’s re-allocation of the expected cost expense of the discontinuation of the Note7 to its Q3 report.

It expects to see a drop of $2.2 billion in Q4 to ride the year out, while the other $800 million impact is expected to be seen in Q1 of next year. The company expects that by Q2 of next year, it will have bounced back from the Note7 fiasco. It could be right, as we are expecting to see the Samsung Galaxy S8 by then. It will be hard to say how the recall will affect sales for the company's next flagship.

Samsung estimates $3 billion loss over the next two quarters

Samsung expects this drop in revenue due to the void left behind by the Note7 and will continue to equalize itself by boosting production of the Samsung Galaxy S7 and S7 edge to try to make up for lost revenue. Likewise, it will expand the sales of these phones.

At the end of the report, Samsung says it will focus on “enhancing product safety for consumers by making significant changes in its quality assurance processes."

Source: GSMArena

Tags: Galaxy Note 7, Samsung, smartphones

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Is this an error or it is really happening?
 
 
The proposed topic and architecture was originally presented to the JPEG Committee in 2016
 
 
The rest of the specs as seen on Geekbench include 8GB of RAM
 
Samsung is likely to be made official in February at next year's Mobile World Congress in Barcelona
 
Lumia 950 XL shown running Windows 10 on ARM
 
The company has studied such an option in the past
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)