Monday, September 5, 2016

Samsung Galaxy Note 7 recall to cost $ 1 Billion

After the devastated performance of Samsung Galaxy Note 7, some 2.5 million pieces worldwide, the recall of all sets is going to cost Samsung $ 1 Billion, or may be more.

The recall may mean voluntary replacement or full refund of cost of the sets.

It is expected that short term financial loss will be in the benefit for the company rather than long term damages and lack of resulting trust by the consumers.


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