Samsung Electronics announced today that it estimates another $3 billion hit to operating profit from the fourth quarter of 2016 through the first quarter of 2017, due to the discontinuation of Galaxy Note7 sales.

The company already allocated the expected direct cost from the discontinuation of Galaxy Note7 sales in its third quarter earnings guidance revision announced on October 11, but expects the drop in revenue from the discontinued sales to continue to have a negative impact on operating profit for the next two quarters.

The negative impact is estimated in the $2 billion for the fourth quarter of 2016 and at approximately $1 billion for the first quarter of 2017.

The company is releasing these estimates to inform the market on the impact of the Galaxy Note7 discontinuation.

Moving forward, Samsung Electronics plans to normalize its mobile business by expanding sales of flagship models such as the Galaxy S7 and Galaxy S7 edge.

Additionally, the company will focus on enhancing product safety for consumers by making significant changes in its quality assurance processes.

Recently, Samsung Electronics had revised its earnings guidance for the third quarter of 2016 after recent incidents of Galaxy Note 7. As per the revised guidance, consolidated sales would be approximately 46-48 trillion Korean won and consolidated operating profit at 51-5.3 trillion Korean won.