the Samsung details again the impact of the reminders by successive as well as the stop sale of the Galaxy Note 7. The group estimated its losses to 2.6 billion euros.
Samsung Electronics discloses its setbacks related to the release of its latest smartphone. The Galaxy Note 7 will cost since it is estimated that its operating profit will be down by 2.6 billion euros. A loss that will be felt on the accounts of the group for the next two quarters, that is to say, until march 2017.
This amount is colossal, since it represents half of the profits generated last year by the mobile division of the company. In a press release, Samsung presents its roadmap and explains that she has already ” affected the direct cost expected by the discontinuation of sales of the Galaxy Note 7 in the forecast results of the 3rd quarter, but expects that the lower revenues due to the abandonment of sales will continue to have a negative impact on the operating result in the course of the next two quarters “.
Samsung can certainly absorb these losses but showing caution in the future. The group will also need to burnish its brand image and provide the guarantees for the robustness of its products and materials. The firm has already revised its financial ambitions down for the next few quarters.
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Amended the 14/10/2016 at 15h06
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