Samsung has announced its financial results for the third quarter of 2016, and - as expected - the Galaxy Note7 fiasco has taken a huge toll on the company's profits. The tech giant's mobile division reported an operating profit of KRW 0.10 trillion ($87.8 million), which is down 96% from the same time last year. That's also the lowest figure for the South Korean company in the past eight years. The company's overall operating profit for the quarter stood at KRW 5.20 trillion ($4.5 billion), down KRW 2.19 trillion from the profit figure reported in Q3 2015. That's lowest for the...
Source: http://www.gsmarena.com/samsungs_q3_results_mobile_profits_down_over_95_due_to_galaxy_note7_debacle-news-21327.php
