The worlds largest smartphone makers profits plunged 30 percent due an exploding flagship model. Samsungs operating profit for the third quarter was $4.6 billion, down from $6.4 million the quarter before, making it the lowest operating profit the company has made in two years. Samsung had already revised its financial estimates following the recall of millions of Galaxy Note 7s.
That said, its mobile arm still reported a profit of 100 billion won ($87 million). For Samsung,…Read more
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