ReutersThe firm would extend refund periods for affected customers and offer exchanges for other Samsung phones, Koh said. Investors sold Samsung shares after the delay announcement on Thursday, stripping about $7 billion from the firm's market value. Credit Suisse said a recall or major shipment delays could wipe 1.5 trillion won ($1.34 billion) from Samsung's 2016 operating profit estimate of 30.2 trillion won in an "absolute worst case" scenario. The brokerage retained its third-quarter operating profit forecast of 8.5 trillion won. Samsung's mobile division accounted for about 54 percent of the firm's January-June operating profit of 14.8 trillion won.

Source: bd News24 September 02, 2016 08:03 UTC