Samsung Electronics came out with
regulatory filing and indicating that they suffered heavily due to Galaxy Note
7 recall. It also indicates Samsung Electronics dependency on its Mobile
Division. It is expected that Samsung
will face the hard truth that their mobility sales during Q4, FY 17 will be hit
hard and it will impact on their profitability in a big way. On the other hand, Samsung Electronics
share price continue it’s downwards spiral and it may continue till the release
of Q4 FY 17 release.
When any company faces this kind of
unwarranted circumstance then the first target is none other than the
hardworking resources. I am expecting then announcement of the same very soon.
In
my point of view, the unfortunate happening is going to take the toll across
mobility ecosystem and regulatory filing by Samsung is nothing but an
indication to many to be ready to hear the worst.
Disclaimer: Above is completely my personal
view.
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