Samsung warns on profits after halting Galaxy Note 7 sales over fire fears
The South Korean firm said third quarter operating profit is expected to come in at 5.2 trillion won (£3.7 billion), down from previous estimates of 7.8 trillion won (£5.6 billion).
On Tuesday Samsung scrapped its flagship Galaxy Note 7 smartphone, a day after halting sales because of concerns over consumer safety.
The technology giant had delayed the launch of the Note 7 in the UK in September as it investigated and replaced faulty units that were overheating and exploding due to a battery defect.
However, new reports in the US raised further concerns that replacement devices were still... read more