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Samsung will lose up to $3 billion on Note7 recall
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The following comments relate to this news article:

Samsung will lose up to $3 billion on Note7 recall

article published on 15 October, 2016

Samsung has announced this week that they expect a $3 billion loss due to the Galaxy Note7 recall, a huge monetary damage in addition to the company's ongoing reputational damage. In the past month, the company has been mired in the scandal of the exploding Note7's, and the devices have even been banned on planes by the US Department of Transportation. Here is the Samsung statement: ... [ read the full article ]

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Posted Message
hearme0
Senior Member
_ 		18. October 2016 @ 15:23 _ Link to this message    Send private message to this user   
Ugh.........you cell phone owners (i ditched mine over 3 years ago) are gonna see this effect later on with massive price increases for sub-par quality in Samsung's 'already-milled out" lineup of cellular.

The Note 7 is dead, likely gonna be a Note 8 but that price will be astronomical to make up for this massive loss.


Samsung mills out everything. Quality is questionable in all their products IMO. Cell phones are the epitome of run-of-the-mill quality with Samsung.


This total debacle is gonna screw the consumer.



I do sincerely hope that those that refuse to relinquish their Note 7s, especially on the plane, get arrested, then slapped.
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