SEOUL: Samsung on Friday estimated that the crisis over its exploding flagship Galaxy Note 7 smartphones would cost the company more that $3 billion in lost operating profit over the next two quarters.
“The negative impact is estimated in the mid-2 trillion won ($2.2 billion) range for the fourth quarter of 2016 and at approximately 1 trillion won for the first quarter of 2017,” the South Korean electronics giant said in a statement.
