With the cancelation of the Samsung Galaxy Note7, the company has revised its Q3 2016 earnings forecast with share prices falling by almost 10% in two days - and a loss of $20 billion in market value.
Q3 2016 RSS
Despite the "exploding" Galaxy Note7 fiasco and worldwide recall, Samsung still expects to make a lot of money in Q3 2016, beating the same quarter last year by 5.5% in consolidated operating profits.
Apple's latest financial results paint a bleak picture for its device sales, which all fell year-over-year, along with a 27% drop in net income to $7.8 billion - but its Services business grew by 19%.
Microsoft's Q3 2016 earnings were disappointing according to investors and the company's stock has taken a quick dive. However, its future outlook is considered stable and encouraging.
Microsoft has reported its latest quarterly financial results, including a 61% rise in Surface revenue, and solid growth in Office and cloud services - but a massive 46% slide in phone revenue.
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