Samsung slashes profit forecast over Galaxy Note 7 crisis

Samsung Electronics has slashed its quarterly profit forecast due to the scrapping of its Note 7 smartphone. The South Korean firm now expects third quarter profits of 5.2tn won ($4.7bn; £3.8bn), which is a third lower than its original estimate of 7.8tn won. The Note 7 was recalled last month after battery fires, but after ... Read Full Story