March 25, 2020

Faults with the new flagship device could deal a major

jpg Samsung Electronics Co Ltd’s mobile recovery was under pressure on Thursday after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries, wiping almost $7 billion off its market value.Last year, production problems for the curved displays for the Galaxy S6 edge model resulted in disappointing sales, and Samsung risks a repeat this year if it cannot address the Galaxy Note 7 problems quickly.


Faults with the new flagship device could deal a major blow to the South Korean giant, which was counting on the Galaxy Note 7 to maintain its strong mobile earnings momentum against Apple Inc’s new iPhones expected to be unveiled next week.Samsung Electronics Co Ltd’s mobile recovery was under pressure on Thursday after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries, wiping wholesale motorcycle batteries factory almost $7 bil 02SAMSUNG. It was not immediately possible to confirm the veracity of the clip.The Galaxy Note 7 received similar praise, raising expectations for strong sales in the second half.Samsung’s shares, which hit record high last week, dropped 2.

Be careful out there, everyone rocking the new Note 7, might catch fire y’all,” one user said in a YouTube clip showing a burnt Note phone.Investors drove the stock to two-week lows after the global smartphone leader said on Wednesday the shipments had been delayed for quality control testing, and that shipments to South Korea’s top three mobile carriers had been halted.JPEG_.5 per cent. The timing of this couldn’t have been worse."This is some major buzz-kill for Samsung, especially given all of the hard-earned excitement that products like the Note 7 have been garnering lately,” IDC analyst Bryan Ma said.”Samsung did not comment on what problem it was trying to address or whether other markets were affected besides South Korea."The pending Apple launch puts all the more pressure for them to contain this quickly. Several people posted images and videos of charred Galaxy Note 7s online and said their phones had caught on fire. Samsung said in August demand for the new handset, priced at 988,900 won in South Korea, was far exceeding supply, pushing the firm to delay the launch in some markets..Its mobile profit is on track to post annual growth for the first time in three years, thanks to robust sales of the Galaxy S7 and S7 edge devices that it launched in March to critical acclaim.Sister company Samsung SDI Co Ltd said that while it was a supplier of Galaxy Note 7 batteries, it had received no information to suggest the batteries were faulty

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