Samsung profit estimate surges despite Note 7 battery fiasco

Samsung Electronics has reported a 50% profit surge in its guidance for the fourth quarter despite the fiasco with its flagship Note 7 phone. The earnings estimate is higher than analysts predicted and would mark its highest quarterly profit since 2013. In October, the world’s largest smartphone maker had to scrap the Note 7 after … Read more Samsung profit estimate surges despite Note 7 battery fiasco