By this time, we all know what a hideous flop Samsung Galaxy Note 7 has been. Replacement phones should have helped. But even that has backfired, literally. Now, Samsung stops all Galaxy Note 7 sales.
Because last week alone, four explosions and burn incidents occurred. In Nicholasville, Kentucky, a man awoke to see his bedroom in smoke. This was because his Samsung Galaxy Note 7 caught fire. Not only that, the man was diagnosed was acute bronchitis. This occurs when one inhales too much smoke, especially at once. That same week, Southwest Airlines evacuated a flight from Louisville, KY to Baltimore, MD. The culprit? It was a replacement Note 7. In Framington, Minnesota, a 13-year-old girl burned her hand. A replacement Note 7 also caused this. Now, Samsung stops all production and sales of this product.
Also, major US carriers like AT&T stopped carrying the Note 7. Another major carrier, T-Mobile, cut ties with the Note 7. ?Carriers in Australia and China follow suit. Several weeks back, Samsung issued a recall on the Note 7. They offered replacement phones for those who needed them. Many took them at their word. It’s Samsung right? Samsung is one of the biggest phone makers in the world. We can trust them with replacement phones, right? Apparently, we can’t.
Battery issues remain the root of the problem. So Samusng finally did the same thing. They gave up and stopped the Note 7 sales and production altogether. They should have done this several weeks ago. Think of the scandal and retribution that will come from the Note 7 failure. It’s already happening. American hedge fund Elliot Management, demands answers from Samsung. Some estimates have Samsung profits down 40%. Also, another expert says Samsung Galaxy Note 7 stoppages will cost the company $630 million dollars in Q4 2016 alone. Consequently, this is during the critical holiday shopping season. Furthermore, Samsung has issues almost the same issues involving their washer/dryer systems. Think of all the problems Samsung faced recently. How many consumers will be able to trust Samsung again after this?