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Samsung Slashes Earnings Forecast After Note 7 Debacle

  • The Verge, Wednesday, October 12, 2016 2:54 PM
After officially killing its Galaxy Note 7, Samsung just significantly adjusted its earnings forecast. “Operating profit for the third quarter of 2016 is now estimated to come in at 5.2 trillion won ($4.6 billion), down 33 percent from the previous figure, while revenue expectations have been slashed by 2 trillion won to 47 trillion ($41.8 billion),” The Verge reports.

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