Samsung Electronics third-quarter profit falls 30% after Note 7 failure
The world`s top smartphone maker said third-quarter operating profit was 5.2 trillion won ($4.57 billion), matching its revised guidance. The firm had initially estimated a 7.8 trillion won profit but cut its guidance to reflect losses incurred in the withdrawal of the fire-prone Note 7s.
The logo of Samsung Electronic is seen at its headquarters in Seoul. Pic: Reuters