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.