The Samsung Galaxy Note 7 recall has cost Samsung a lot of money, the exact amount is not know but it is expected to be in excess of $1 billion.
Whilst the Galaxy Note 7 was bad news for Samsung, it looks like the company is about to announce its most biggest profits in three years.
Samsung has revealed its Quarter Four earnings guidance and the company has revealed that it is expected a consolidated operating profit of 9.2 trillion won, this is about $7.2 billion at the current exchange rate.
This is up significantly from the $5.2 billion that it reported for the same quarter last year, so it looks like whilst the Note 7 was a problem for the company, it did not have a serious financial impact on their earnings.
Source The Verge
Latest Geeky Gadgets Deals
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
