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Nairaland Forum / Science/Technology / Phones / Galaxy Note 7 Costing Samsung Billions (639 Views)
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Galaxy Note 7 Costing Samsung Billions by etech9ja: 4:39am On Oct 17, 2016 |
Samsung never thought that when it released the Galaxy Note 7 it would wind up costing them billions of dollars while also helping competitor Apple rake in the money on their iPhone 7. Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost ... read on at http://etech9ja..com.ng/2016/10/galaxy-note-7-costing-samsung-billions.html . don't forget to comment
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Re: Galaxy Note 7 Costing Samsung Billions by shakamarh: 5:50am On Oct 17, 2016 |
oh I feel for Samsung... the money is much |
Re: Galaxy Note 7 Costing Samsung Billions by Nobody: 8:17am On Oct 17, 2016 |
Samsung never thought that when it released
the Galaxy Note 7 it would wind up costing
them billions of dollars while also helping
competitor Apple rake in the money on their
iPhone 7.
Samsung Electronics said Friday that the
discontinuation of the Galaxy Note 7 would cost
the company about $3 billion during the current
and next quarters, bringing the total cost of the
recall to at least $5.3 billion.
The Note 7 discontinuation will cost in the mid-2
trillion won range during the October-December
period and another 1 trillion won ($884 million)
during the January-March quarter, the company
said in a statement.
Samsung already slashed its third-quarter profit
forecast by $2.6 billion earlier this week, an
amount that could wipe out its entire mobile
business profit. That did not include the cost of
Samsung’s first recall, which analysts estimated
at 1 trillion won to 2 trillion won.
Samsung has enough cash and other businesses
to absorb the shock from the phone recall. It
said it expected to generate 5.2 trillion won
($4.6 billion) in operating income during the
third quarter after the recall cost. Analysts said
most of the income will be generated by sales
of advanced displays and semiconductors.
Samsung added that it will make significant
changes in its quality assurance processes to
enhance product safety for consumers. It did
not elaborate.
The company said it will expand sales of two
other smartphones released in spring, the
Galaxy S7 and Galaxy S7 Edge, quashing rumors
that it may try to release updated versions of
those devices. Samsung usually releases a new
iteration of the Galaxy S series in spring, so the
company may have to provide a strong incentive
to sell the 6-month-old phones, such as lowering
their prices.
Due to unexplained fires and overheating
problems, more than 2.5 million Galaxy Note 7
smartphones were recalled before the product
was discontinued earlier this week just two
months after its launch in August.
In the United States, 1.9 million Note 7 phones
are subject to the two recalls. Samsung also
recalled about 200,000 phones in China and
about half a million phones in South Korea.
The U.S. Consumer Product Safety Commission
said there were 96 reports of batteries in Note 7
phones overheating in the country, including 23
new reports since the first recall announcement
last month. The company received 13 reports of
burns and 47 reports of property damages
associated with the phones.
“Consumers should immediately stop using and
power down all Galaxy Note 7 devices, including
Note 7 devices received as replacements in the
previous recall,” the agency said.
The botched recall raised questions about
Samsung’s initial analysis of the Note 7 phone’s
problems. At first, Samsung said a minor
manufacturing error in the batteries for the Note
7 was causing the phones to overheat.
The problem with the replacements is still
unclear. Experts say Samsung may have rushed
to conclude the Note 7’s problem was a battery
issue and it may take a long time to find the
real cause.
Seeking to retain customers, Samsung is giving
an incentive of a $100 credit to Note 7 owners
who switch to another Samsung phone.
The Note 7 device was one of the most
expensive smartphones in the market with all
the latest technologies from Samsung, including
the ability to unlock the phone by scanning a
user’s iris. It was sold for between $850 and
$890. |
Re: Galaxy Note 7 Costing Samsung Billions by etech9ja: 12:01pm On Oct 17, 2016 |
Akin619 or whatever you think your smart ... i would block your ass from all my post spammer. |
Re: Galaxy Note 7 Costing Samsung Billions by Opistorincos(m): 8:36am On Oct 18, 2016 |
etech9ja: Baba coman take this seat and sit your dumb ass down, what's the essence of half post? To drive traffic? It doesn't work that way, make a full post, if people like it they'll surf through your blog for more interesting articles. 1 Like |
Re: Galaxy Note 7 Costing Samsung Billions by dasphinx1(m): 10:03am On Oct 18, 2016 |
etech9ja: That nigga aint done nothing wrong bruh..... |
Re: Galaxy Note 7 Costing Samsung Billions by etech9ja: 11:10pm On Nov 03, 2016 |
Opistorincos:like seriously? |
Re: Galaxy Note 7 Costing Samsung Billions by sorextee(m): 12:56am On Nov 04, 2016 |
He saved us the stress of visiting another site. Thank you Akin619.. etech9ja: 2 Likes |
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