05-10-2016 05:34 via uk.news.yahoo.com

At Samsung, strong third quarter chip sales to ease sting of Note 7 hangover

Scarred by the global recall of its flagship smartphone, Samsung Electronics Co is set to report on Friday it still expects a small rise in third-quarter profit, analysts say, with healthy sales of memory chips and displays easing the pain. Lost sales and expenses tied to the recall of at least 2.5 million Galaxy Note 7 handsets to fix battery problems could cost the firm nearly $5 billion this year, some analysts have said. Samsung will report its estimates for third-quarter revenue and operati
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