Visitors Now:
Total Visits:
Total Stories:
Profile image
By SiteProNews (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Samsung Pulls the Plug on Galaxy Note 7

Tuesday, October 11, 2016 7:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Samsung today announced its decision to permanently end production of the Galaxy Note 7.

The move comes after several of the supposedly safe replacement devices have caught fire, making it obvious that the faulty battery might not be fixable after all.

Galaxy Note7Just yesterday, the South Korean tech firm had said it was investigating the incident with the help of the U.S. Consumer Product Safety Commission, adding that the Galaxy Note 7 production schedule was being “temporarily” adjusted to “take further steps to ensure quality and safety matters.”

The company today, however, has seemingly made the decision to stop pouring good money after bad into a device with a battery that may not be fixable.

“Taking our customer’s safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7,” said Samsung in a statement to the media. “Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note 7.”

It is not known exactly how much money Samsung has lost over the battery debacle, but a Reuters report indicated it could be as much as $17 billion. The company’s market value is suffering as well, with shares dipping eight percent on the Seoul stock exchange today.

Samsung, at the beginning of last month, halted sales of its latest flagship, the Galaxy Note 7, and launched a worldwide recall of the device after reports of batteries exploding while charging. The firm, at that time, launched a “thorough investigation” after receiving reports of phones catching fire and discovered the phones did indeed have a “battery cell issue.”

The replacement Galaxy Note 7s were supposed to be unaffected by the battery manufacturing error that was causing the fires but, reports began flowing in last week that the new handsets had similar battery issues. One such faulty device caused a plane to be evacuated when the device began smoking, just before take off.


avatar

Jennifer Cowan is the Managing Editor for SiteProNews.

The post Samsung Pulls the Plug on Galaxy Note 7 appeared first on SiteProNews.



Source: http://www.sitepronews.com/2016/10/11/samsung-pulls-the-plug-on-galaxy-note-7/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.