Samsung profit losses totaling more than $ 5.3 billion due Galaxay Note 7

(Seoul): Samsung announced on Friday that it was likely to lose profit of over $ 3 billion in the next two quarters, after due halting the sale of mobile phones, smartphones Samsung Galaxay Note 7, according to published Reuters news on the evening of Friday, 14 October 2016.

Meanwhile, Samsung also forecast that the company would lose profits totaling more than $ 5.3 billion after confirmed on Thursday that it had lost $ 2.3 billion in the 3rd quarter.  

In particular, according to a statement by Samsung on Friday and said the negative effects can range from between 1.8 to 2.6 billion for the 4th quarter in 2016, so that the giant South Korea, has decided to increase the sales of mobile phones smartphones Samsung Galaxy S7 and S7 edge to withstand losses.

It should be noted that due to Samsung Galaxay Note 7 makes Samsung shares fell 8 percent this week and is up just 0.6 percent at 2:28 pm (GMT) on Friday.