Will give them orders for new products
Samsung has said it will compensate component suppliers for the discontinued Galaxy Note 7 smartphones and give them orders for other models to cushion the blow.
The latest theory as to why the Note 7 had battery problems suggests that its rather cool thin design made it go bang.
Samsung investors are sharpening their knives and preparing to take the company to the cleaners over its handling over the strange case of the flaming Note 7.
Samsung has made a final decision to halt the production and sales of the Galaxy Note 7. After some of the replaced devices burst in flames, Samsung management decided to make a very unpopular, but necessary decision to stop the sales and production of Galaxy Note 7.
Not-so magnificant seven going to cost billions
Samsung appears to have made a pig’s ear of its Galaxy Note 7 recall and is ordering its resellers to stop sales and exchanges of the device pending investigation into the latest incidents.
That’s $120 million, thank you very much
The US court of appeals in Washington DC has re-instated a $120 million penalty against Samsung for patent infringement of Apple intellectual property.
Rest of the business doing brilliantly
Samsung expected to report a higher than expected third quarter profit, despite having to write off a fortune because of the global recall of its Galaxy Note 7.
Don't expect a swift recall
It seems when the iPhone 7 catches fire no one pays any interest and no one calls for an immediate recall, or for them to banned on aircraft.