SEOUL.- Samsung Electronics said Thursday that its operating profit fell 30 percent year-on-year in the third quarter, hit by the withdrawal of the smart phones, Galaxy Note 7, which collapsed their results to the lowest level in two years.
The largest manufacturer of smartphones in the world said that the operating profit for the third quarter was 5.2 trillion won (4 billion 570 million dollars), in line with its revised guide.
The company had initially estimated a profit of 7.8 trillion won (6 billion 860 million dollars), but also cut its projections to reflect the losses arising from the retirement of your phone Note 7.
The division of mobile devices of Samsung reported an operating profit of 100 billion won (around 88 million dollars), the lowest since the fourth quarter of 2008.
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