Burns to Samsung from Note 7 less than expected

Samsung is warning that the Galaxy Note 7 fiasco will set it back $5 billion dollars, which, though terrible, is much less than the $15 billion the Tame Apple Press has been claiming.

Samsung said that that it will take a hit to its operating profit of about $3 billion over the next two quarters. The outlook brings to about $5.3 billion the total losses the global smartphone leader has forecast as a result of the overheating issues.