April 12, 2021

Samsung’s revenue and profit plummet after Note7 recall

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By STAN SCHROEDER From MASHABLE As expected, Samsung’s revenue and profit have fallen sharply in the third quarter of 2016, due to a painful recall of the company’s flagship smartphone, the Galaxy Note7, due to combusting battery issues. The company’s revenue for the quarter was 47.82 trillion won ($41.9 billion), a year-over-year decrease of 3.87 […]