The Wall Street Journal:
Samsung Electronics Co. said on Tuesday that it is discontinuing
its embattled Galaxy Note 7 smartphone, pulling the plug on a
product whose botched recall has brought headaches to consumers
and damaged the Samsung brand.
Samsung said in a filing with South Korean regulators that it
would permanently cease production and sales of the device,
following a string of reported incidents in which supposedly safe
replacements of the smartphone overheated and in some cases
The move halts production and sale of the defective premium phone after a troubled recall effort.
After Samsung Electronics Co. pulled the plug on its fire-prone Galaxy Note 7, plaintiffs' lawyers are pulling the trigger on a class action against the reeling South Korean technology giant.
Samsung Electronics‘ smartphone business faced significant setbacks over the last month, on account of the Note 7 fire crisis and the double-recall and eventual discontinuation of the device. The financial impact of the crisis will ...
Samsung Electronics said Tuesday that it is discontinuing production of Galaxy Note 7 smartphones permanently, a day after stopping global sales of the ill-fated devices.