There 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...
Source: http://www.gsmarena.com/samsung_estimates_3_billion_loss_over_the_next_two_quarters-news-21091.php
