Samsung just filed its third quarter earnings report, and the results are not looking good. The company’s net profit fell 16.8 percent following the disastrous launch and unprecedented recall of the Galaxy Note 7 smartphone launch. Samsung’s mobile division is reporting the lowest quarterly profit in more than six years, back when its first Galaxy phone came out. Ouch!
Source: Gizmodo – Samsung Lost a Ton of Money Due to Exploding Phones