
Samsung’s profits pummel to its lowest point in the last two years
The financial reports for Samsung’s Q3 2016 sales are out and they show that the Note 7 has burned Samsung in the same way as the company expected it to. The total revenue of the company has plummeted by 3.87 trillion WON/$3.4 billion and landed at 47.82 trillion WON/$42.01 billion; that’s a 7.5% decrease, as compared to…