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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