At Samsung, strong Q3 chip sales to ease sting of Note 7 hangover

At Samsung, strong Q3 chip sales to ease sting of Note 7 hangover
 

Scarred by the global recall of its flagship smartphone, Samsung Electronics Co is set to report on Friday it still expects a small rise in third-quarter profit, analysts say, with healthy sales of memory chips and displays easing the pain.
Lost sales and expenses tied to the recall of at least 2.5 million Galaxy Note 7 handsets to fix battery problems could cost the firm nearly $5 billion this year, some analysts have said. That could sap momentum from a nascent recovery in Samsung's mobile business, an underperformer in recent years.
But a pickup in the memory chip market, led by demand... read more

 
5 October 2016 in Business, Views: 55
Source: Reuters
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