Galaxy Note 7 cessation cuts Samsung’s profit estimate by a third

samsung indian smartphone market

The electronics giant has pulled the plug on its flagship smartphone following devastating product safety issues. Samsung Electronics Company has now cut a third off its quarterly profit estimate as a result of the Galaxy Note 7. The company’s flagship smartphone experienced what may be known as the most expensive tech safety disaster in history. The company estimates that the expense from the product safety failures will take $2.3 billion off its profits. The leading smartphone maker in the world has faced a massive global recall as well as growing…

Read More