Samsung Galaxy Note 7 debacle blows £1.9bn hole in company profits
by Juliette Garside from on (#1XTAN)
Company issues warning over third-quarter earnings after shutting down production of fire-prone phones
Samsung has warned that scrapping its failed Galaxy Note 7 handset due to safety concerns will burn a 1.9bn hole in its profits.
The South Korean group was forced to take the humiliating step of permanently withdrawing the Note 7 from sale on Tuesday after users around the world reported flames and explosions caused by overheating batteries.
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