Samsung Pulls the Plug on the Galaxy Note 7: Samsung unveiled its latest flagship Galaxy Note 7 back in August and the smartphone has been in the news ever since then. Samsung has permanently halted the production of the Galaxy Note 7 and discontinued it globally. The company asked the owners of the Galaxy Note 7 to switch off the original and replaced Note 7, and asked the retailers and partners to halt the sales and exchanges of the device immediately.
In less than a couple of weeks after its global launch, a series of reports about the exploding of Note 7 circulated on the internet and no less than 35 incidents were reported worldwide. After several reports started to claim the fact of the Note 7 catching fire, Airports and Airlines issued an official ban on the usage of Note 7 in airports and flights. Some countries even ban the sale of the smartphones.
Samsung Galaxy Note 7 Tragic Ending
Samsung issued a global recall of the device, and replacing them with a new Note 7 with an updated battery and a software update with “green battery indicator”. The indicator notifies users when the device gets overheated and restricts devices from charging more than 60%. Samsung made sure to fix the problem, as the issue pulls the trigger on the reputation of the company which affected the sales of other consumer products worldwide. After the Note 7, several reports were filed in regards with the exploding of Samsung washing machines in the United Sates. Samsung was put on serious trouble about their products.
Unfortunately, nothing has stopped Samsung getting in the headlines again; the replacement also started catching fires. The one turned the world is the replaced Note 7 caught fire on a Southwest Airlines flight 994 from Louisville to Baltimore. After such reports, Samsung asked its users to power down their devices and asked not to use it. Apparently, the company also halted the sales and production of the Note 7.
Samsung did everything it could, but the end of Samsung Galaxy Note 7 is inevitable. In a press release, Samsung said, “taking our customer’s safety as our highest priority, [so] we have decided to halt sales and production of the Galaxy Note 7.” Samsung also said, ““We remain committed to working diligently with appropriate regulatory authorities to take all necessary steps to resolve the situation.”
The Galaxy Note 7 received a rave reviews from Tech experts, and the company has sold around 20 million device globally. The company’s shares fell by eight percent in the early trading after the news was out, and Samsung has lost around $17 billion in killing the Note7. It’s huge hit for the company, however it is the Korean company with $235 billion market value and $70 billion in cash and equivalents so it can certainly manage the damages caused due to the Note 7.