Samsung cuts Q3 earnings over Note 7 wind down
Published: Wednesday, 12 October 2016
As Samsung stops production of the mobile device and slashes earnings over safety concerns, players in the lithium market remained unfazed regarding the potential of any knock-on effects to consumer perception of lithium-ion technology.
Korean technology company Samsung
Electronics today, 12 October, reduced its Q3 profit guidance
by a third in the wake of further issues surrounding its Galaxy
Note 7 mobile device.
The company downgraded its guidance for the quarter to
profits of Korean won (KRW) $5.2 trillion ($4.63bn*), from KRW
7.8tn, announced previously, a...