14-10-2016 04:06 via wbrz.com

Samsung says Note 7 recall to cost another $3 billion

SEOUL, South Korea - Samsung Electronics says the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters.The company says the Note 7 discontinuation will cost in the mid-2 trillion won range during the October-December period and another 1 trillion won ($884 million) during the January-March quarter.Samsung has already slashed its third-quarter profit forecast by $2.3 billion earlier this week, an amount that could wipe out its entire mo
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