Samsung To Lose Over $5B Profit Over Note 7 Fiasco
“What's important is whether the flagship S7 can fill the gap left by the Note 7, and how much trust Samsung can regain from consumers by the time the S8 comes out,” Park Jung-hoon, a fund manager at HDC Asset Management, told Reuters.
In September, after reports emerged that the devices’ batteries were exploding, Samsung recalled roughly 2.5 million phones.
However, even the replacement devices issued with different batteries reportedly began catching fire, forcing the company to stop their sale.
Fat chance.
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