Samsung Electronics pronounced Friday that a discontinuation of a Galaxy Note 7 would cost a association about $3 billion during a stream and subsequent quarters, bringing a sum cost of a remember to during slightest $5.3 billion.
Samsung also removed about 200,000 phones in China and about half a million phones in South Korea.
The botched remember lifted questions about Samsung’s initial research of a Note 7 phone’s problems. At first, Samsung pronounced a teenager production blunder in a batteries for a Note 7 was causing a phones to overheat.
Seeking to keep customers, Samsung is giving an inducement of a $100 credit to Note 7 owners who switch to another Samsung phone.
Article source: http://www.dailystar.com.lb//Business/International/2016/Oct-15/376499-samsung-note-7-recall-to-cost-53-billion.ashx