WARNING RECALL: SAMSUNG SAYS GALAXY NOTE 7

183 views · Published 11 October 2016 · 4:53 · Indexed 4 November 2026

Channel: Real Thing TV · 2016 · News & Politics

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WARNING: SAMSUNG SAYS GALAXY NOTE 7 CAN BURST INTO FLAMES WHILE YOU USE IT, ISSUES GLOBAL RECALL
Samsung was struggling to regain consumer trust after a first round of recalls. The company stopped selling the device after finding that even the supposedly safer replacements it was providing for recalled Note 7 phones were catching fire.

Samsung AXES Galaxy Note 7 and offers everyone their money back in $19billion recall: Firm warns users to switch them off and seek a refund
Samsung has permanently discontinued the Galaxy Note 7 and is offering customers their money back
Comes after company halted sales and replacements of the smartphone 
Follows complaints by customers that device would overheat and burst into flames  
Axing of the smartphone could cost the company nearly $17 billion
Could also have to shell out an estimated $2.2billion if all the 2.5 million handsets produced are refunded at an average cost of $850
Shares in the company dropped by more than 8 percent wiping about $17billion off the market value 
In September there was a global recall of 2.5 million Note 7 phones 
Network operators already said they won't offer replacement Note 7s.

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