Galaxy Note 7 recall will burn Samsung for the next six months


Samsung has already announced that recalling the Note 7 is going to cost them pretty significantly during their quarterly earnings report, but going beyond Q3, the company expects the damage to last over the next two quarters.

According to Samsung, they expect to see roughly a 2.5 trillion won decrease in operating profit next quarter and a 1 trillion won decrease in the first quarter of 2017. 3.5 trillion won converts to about $3 billion dollars, which hurts no matter how you slice it. In the meantime, you can bet we’ll see a heightened focus on the Galaxy S7 and S7 Edge for the rest of the year. That’s not a bad thing, both of those phones were absolutely fantastic and still hold up six months later, even against the newer flagships that have been launching.

Bright side: this slump will definitely be busted with the Galaxy S8 launch. We’re expecting to see it in February next year, which Samsung might push up a bit just to go ahead and get 2017 kicked off on the right foot.

source: Samsung

About the Author: Jared Peters

Born in southern Alabama, Jared spends his working time selling phones and his spare time writing about them. The Android enthusiasm started with the original Motorola Droid, but the tech enthusiasm currently covers just about everything. He likes PC gaming, Lenovo's Moto Z line, and a good productivity app.

  • ChuckN007

    Ramp up production of the S7 and S7 Edge. They are great phones.