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.â€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
Posted by: leaeriesabc at
01:26 AM
| No Comments
| Add Comment
Post contains 441 words, total size 3 kb.
11kb generated in CPU 0.0056, elapsed 0.0323 seconds.
33 queries taking 0.0284 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.
33 queries taking 0.0284 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.