Operating profit dropped 29.7 per cent from a year earlier to 5.2 trillion won ($4.6 billion) in the July-September quarter. Also Read: How Note 7 exploded: Full timeline of Samsung's Galaxy Note 7 debacleScores of reports about Note 7 phones heating up and catching fire led Samsung to terminate its latest flagship model. Net income dropped to 4.54 trillion won in the third quarter from 5.46 trillion won a year earlier. Looking to 2017, the company will focus on achieving earnings growth through normalisation of the mobile business while improving earnings for the components businesses. The semiconductor business posted 13.15 won trillion in consolidated revenue and 3.37 trillion won in operating profit for the quarter.

Source: India Today October 27, 2016 05:06 UTC