But shareholders may have to wait for the Note 7 investigation to conclude before seeing any heads roll at the family-run conglomerate. Chief Executive Kwon Oh-hyun said at the shareholder meeting the company would assign responsibility only after the crisis was resolved. The world's top smartphone maker posted a 96 percent plunge in third-quarter mobile earnings to 100 billion won ($87.63 million) from a year earlier, their lowest level since the fourth quarter of 2008. Operating profit was 5.2 trillion won ($4.57 billion), matching Samsung's revised guidance. The firm initially estimated a 7.8 trillion won profit but cut its guidance to reflect losses incurred in the Note 7 withdrawal.

Source: Standard Digital October 27, 2016 08:07 UTC