Samsung’s Q3 profits grow despite Galaxy Note 7 calamity

Samsung Electronics will beat its profit estimates for the third quarter of 2016, the company has indicated, despite its much-publicized problems with its Galaxy Note 7 smartphone. In Q3 earnings guidance published today,  Samsung said it expected an operating profit of approximately 7.8 trillion won (around $7 billion), on sales of approximately 49 trillion won (around $44 billion) — a profit increase of just over 4 billion won ($3.6 million) from the same quarter last year.
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