This chart of Samsung’s mobile sales shows, for the first time, how much money Samsung lost in revenues during the period of the exploding Galaxy Note 7 fiasco.
Mobile sales are down 15%:
That’s a loss of 3.85 trillion won (£276 million or $337 million) in sales.
For comparison, this time last year Samsung’s mobile sales were up 2%. That would imply that mobile revenues are down 17 percentage points from before the crisis.
Those lost sales are only the lost customers Samsung could have expected had the Note 7 not occasionally burst into flames. Recalling the device was so costly that operating profit for the company fell 30%, to 5.2 trillion won ($4.57 billion). Samsung’s mobile division saw operating profit of 100 billion won, a 96% drop from the year before.
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