Samsung to Permanently Discontinue Galaxy Note 7 Smartphone

Move halts production and sale of defective premium phone

A woman walks past an advertisement for Samsung Electronics' Galaxy Note 7 at the company's headquarters in Seoul, South Korea, on Tuesday.
A woman walks past an advertisement for Samsung Electronics’ Galaxy Note 7 at the company’s headquarters in Seoul, South Korea, on Tuesday. PHOTO: REUTERS
.

Updated Oct. 11, 2016 5:35 a.m. ET

SEOUL—Samsung Electronics Co. said Tuesday that it would permanently discontinue production and sales of its embattled Galaxy Note 7 smartphone, pulling the plug on a much-hyped premium smartphone whose botched product recall has deeply damaged the brand.

Samsung said in a filing with South Korean regulators that it would permanently cease sales of the device, a day after it announced a temporary halt to production of the smartphones.

“Taking our customer’s safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7,” the company said.

The move comes on a day when Samsung shares tumbled 8%, its biggest one-day decline in eight years, amid increasing pressure after a new string of reported smartphone fires in the U.S.

Samsung’s global recall of 2.5 million Note 7s began more than a month ago after batteries in some phones overheated and caught fire.

Write to Jonathan Cheng at jonathan.cheng@wsj.com

http://www.wsj.com/articles/samsung-to-permanently-discontinue-galaxy-note-7-smartphone-1476177331

Samsung Note 7 handset is pictured next to its charred battery after catching fire during a test at the Applied Energy Hub battery laboratory in Singapore. Reuters photo

Advertisements

Tags: , , , , , , ,

One Response to “Samsung to Permanently Discontinue Galaxy Note 7 Smartphone”

  1. daveyone1 Says:

    Reblogged this on World Peace Forum.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: