Samsung Note 7 remember to cost $5.3 billion

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.

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