Galaxy Note 7 recall could cost Samsung about 1 billion dollars


Galaxy Note 7 recall could cost Samsung about 1 billion

Samsung’s Galaxy Note 7 explosion fiasco could lead to a billion dollars in losses for the South Korean original equipment maker, after deciding to recall them all home and thus avoid further risks. Samsung apparently managed to ship over 2.5 million Galaxy Note 7 units world-wide, before reports of the Note 7 being a fire hazard (battery flaw) started to surface.

Considered one of the biggest recalls in history by tech specialists and market analysts, and described as a “heartbreaking amount” by Samsung smartphone business chief, Koh Dong Jin, the withdraw of all the Galaxy Note 7 units sold around the global is not an easy task to carry out, and it involves Samsung getting help from local carriers and retail shops to pull this through. Carriers such as T-Mobile and Sprint in the US, already announced money back guaranteed or replacement program (replacing them with a Galaxy S7 or S7 Edge), if the owners decide to return their Note 7 gadgets. We havent heard anything on the matter from carriers in Europe (UK, DE, FR, etc).

Like Apple’s #bendgate problem, Samsung Galaxy Note 7 battery flaw is the topic of a few hilarious memes and pictures that are now going viral on social networks such as Facebook, Google+ or Twitter, the last few days.

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