Samsung’s expects rise of 5.6% in quarterly earnings despite the Note 7’s recall
More than 50% of its profits are derived from its chip and OLED manufacturing business. Despite the $1.8 billion Samsung has spent on recalling and replacing 2.5 million Galaxy Note 7s, the South Korean electronic giant has reported that it still expects a 5.6% increase in operating profit for the third quarter. Samsung’s profits are…
