WhoX
Active Member
According to The Wall Street Journal, Samsung's Galaxy Note 7 woes are costing it dearly.
I own quite a few Samsung products and have never had one break or blow up in my hands. I feel sorry for the employee who brokered the deal for those batteries...he or she most likely got the boot.
Samsung Electronics Co. is racing to contain damage from a recall of its high-end Galaxy Note 7 phone that has hit consumers’ and investors’ confidence in the world’s biggest smartphone maker.
The South Korean technology company said early this month that it is recalling 2.5 million waterproof, large-screen smartphones in 10 countries and other markets where the device had been shipped, citing faulty batteries that have led to some exploding while charging. Some 11 days later, the South Korean company had yet to set a specific timeline in important markets such as the U.S. and Canada on when consumers can get a replacement phone.
Since Samsung announced the recall on Sept. 2, more than $10 billion has been wiped off the company’s market value. Samsung also has delayed launches in other crucial markets such as India, and suffered dwindling consumer confidence as airlines and the U.S. Consumer Product Safety Commission have warned against people using or charging the phone on planes.
I own quite a few Samsung products and have never had one break or blow up in my hands. I feel sorry for the employee who brokered the deal for those batteries...he or she most likely got the boot.