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Authentic Learning Task for Grade 11 Economics: Dynamics of Markets.

With mobile divisions profit also hit, firm said to have lost about one-quarter of income (Samsung Note7)

SEOUL • The financial burden of Samsung Electronics' Note7 crisis is becoming clearer, as South Korea's largest company tallies the cost of recalling and terminating production of the fire-prone smartphone. The company disclosed yesterday a negative impact of approximately the medium range of 3 trillion won (S$3.8 billion) on operating profit to March, on top of an already announced US$2.3 billion cut for the preceding period. The total of US$5.3 billion (S$7.4 billion) is in line with analysts' estimates. Nomura Holdings analyst Chung Chang Won had estimated the Note7 termination would cost the company US$5 billion in operating profit to 2017. Investors seem to have factored in an impact of that magnitude, and Samsung shares rose 1.3 per cent to 1.577 million won at the close in Seoul. Source:...See More


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