This quarter’s Samsung income lowest in two years

This quarter's Samsung income lowest in two years

Samsung has posted its Q3 revenue, and it does not look good. The discontinuation of the Note 7 had a serious impact on the company’s income.

Not delving into the boring details, here are the bare bones: the company’s overall revenue was 7.5% lower that last year’s, with the company making only $42.01 milion. The division that took the biggest hit is, of course, the mobile division, which made only $87.8 milion this year, a stunning 96% less than it did last year.

Still, Samsung keeps up a straight face and promises to turn the corner with its upcoming models: high end Galaxy S7 & S7 Edge, midrange Galaxy A series and a budget Galaxy J phone, as well as with the new year’s Samsung Galaxy S8 and Note 8 (yep, the Note series has not been canned).

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