This is the time accounts for Samsung and they are not good. The case of the Galaxy Note 7 will weigh for a long time on the group’s finances, not to mention the consequences on the image. After lowering of 33.3% in its forecast of operating profit for the third quarter, the group encrypted Friday to $ 3 billion of the shortfall predictable on the whole of the two following quarters.
We can consider that this matter cost him already more than 2 billion euros. In the medium term, some analysts even argue that the notes had reached to 10 billion dollars.
In addition to its losses in the third quarter, Samsung believes that the decision to stop the Galaxy Note 7 will continue to reduce its profit margins during the period October to march, which includes the period of the festivals of end of year crucial to its sales.
“The negative impact is estimated to be between 2,000 and 3,000 billion won (1.8 to $ 2.6 billion) for the fourth quarter of 2016, and to about 1,000 billion won (884 million dollars) for the first quarter of 2017″, said on Friday the giant south Korean electronics, in a press release. “Samsung Electronics intends to standardize its mobile activities in increasing the sales of flagship models, like the Galaxy S7 and the Galaxy S7 Edge,” according to the same document. The risk is to avoid that this matter will be the task of the oil on the rest of the range.
To retain the owners of Note 7, the giant are going to multiply the compensation. Specifically, in South Korea, users who bring their Note 7 will be offered a voucher with a value of 24,44 euro, in addition to their refund. But if they opt for an exchange with another Samsung model, they will receive more than the equivalent of 55,94€. In the United States, the premium will rise to 91 euros on the exchange of the Note 7, against another of its smartphones.
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