Samsung operating profit drops 30% after Note 7 problems

Samsung's operating profit dropped 30% in the three months to 30 September following problems with the Note 7 smartphone.

Samsung operating profit drops 30% after Note 7 problems

The device had to be recalled, with some airlines banning it, after reports of the phones catching fire.

In the company’s third quarter results, it reported a 7.5% fall in revenue to 47.82tr Won (£34.2bn), compared with 51.69tr Won during the same quarter last year.

Operating profit decreased year on year from 7.39tr Won to 5.2tr Won.