Galaxy Note 7 problems don't weigh on Samsung's profits

Samsung

Despite the many problems that surround Samsung in recent times, highlighting those suffered with the explosions of the Galaxy Note 7, the South Korean company has announced that it expects Q5 operating profit will increase by 6.900% to $ XNUMX billion. Of course, we must keep in mind and always present, that we talk about Samsung Electronics.

This means that it is more than possible that Samsung's mobile division will not achieve the expected benefits due to the problems of its new flagship, but that they are offset by the many other divisions that Samsung has operating today.

The official results will be presented at the end of this month and as we have learned Revenues are expected to fall 5% to $ 43.9 trillion. Fortunately or unfortunately for Samsung, the financial results that will be announced very soon will not include the expenses derived from the replacements of the Galaxy Note 7.

What they will be counting will be the zero sales of this mobile device and that will do that according to SK Securities analyst, Kim young Woo Samsung's mobile division earnings are the lowest in three quarters.

While waiting for Samsung's financial results to be official, we must prepare to see something unusual and strange. And it is that although the benefits will continue to be good, the income will be reduced while waiting for, as they say, the account that the Galaxy Note 7 has left due to its problems.


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  1.   Rodo said

    Lie upon lie and upon lying one