Samsung will burn through an additional $3 billion from Note7 woes

Having decided to consign the Note7 to a flame-proof dustbin Samsung has wasted little time in confessing to extent of its financial impact.
Two days ago Samsung revised its Q3 2016 earnings guidance to knock off $2.3 billion thanks to discontinuing the flaming phablet. It’s share price wasn’t at all affected by this revelation so Samsung thought it might as well lay some more grim news on investors, just to see what they do.
On top of the 2.3 bil on Q3 Samsung reckons it will take a