Fire Galaxy Note 7 is left without profit the company Samsung. Samsung (SSNLF) began to lose money after abandoned explosive smartphone Galaxy Note 7.

Operating profit in the mobile division of Samsung fell to $88 million in the third quarter, the company said on Thursday. It's a 96% drop in profits. This contributed to a fall of 30% of the total operating profit from Samsung to $ 4.6 billion, which corresponds to the fact that the company predicted after the announcement of the abandonment of the smartphone.

And this is not finansovyie. Earlier this month, Samsung predicted a further loss of about $3.1 billion operating profit for the 6 months to end of March 2017. While these numbers are bleak, there is good news for the world's largest smartphone manufacturer.

Sales of existing models of high-end smartphone from Samsung, such as Galaxy S7 was strong, and the demand for cheaper phones has increased. This may give hope that the company can avoid long-term damage to their brand. The firm faced a wave of negative headlines due to inflammable Galaxy Note 7. Even airlines have banned these devices after one of the smartphones caught fire on Board the plane.

Samsung said that next year "expects a turnaround with the launch of new flagship smartphones."
sections: World News, Economics