Galaxy Note 7 debacle cuts Samsung’s Q3 profit forecast by 33%

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Jared Peters

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The Galaxy Note 7 was only discontinued a few hours ago, but Samsung is already bracing for the damage to their Q3 profit forecast. An earnings guidance that was issued from Samsung indicates that they’re expecting a massive 33% drop in operating profit, with an additional forecast of a drop of $41.8 billion in revenue. […]

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