A sudden disaster has broken Samsung’s heart indeed. No sooner had it launched the most exciting phablet of the year in the market that the battery explosion debacle just changed its entire approach to the consumers around the globe. Therefore, the company has recalled all of its Galaxy Note 7s. Samsung had already shipped 2.5 million handsets of Galaxy Note 7s which were valued at an exorbitant amount.
With regards to the entire value of the losing amount of Galaxy Note 7s, when Samsung’s CEO Koh Dong Jin was asked how much it could be? He just simply said that it is a “heartbreaking amount.”
Around $1 billion
Well, though Dong Jin did not express the exact cost of the losing amount but as indicated by experts, the review will cost Samsung somewhere around $1 billion. While that is surely not a small sum, regardless it is under 5% of the South Korean organization’s anticipated net income this year. What’s more, the likelihood that the organization that supplied the flawed battery units (its name isn’t uncovered yet) may likewise bear a part of the cost.
Around 70% of the Galaxy Note 7 battery units were supplied by Samsung SDI Co., while the remaining were given by Chinese battery producer Amperex Technology.
However, it is a memorable tragedy for Samsung that losing a giant amount in front of their eyes but as a customer if you purchased a Galaxy Note 7, then you may not need to lose your money because following the recall, T-Mobile from the US has already taken back its sold Galaxy Note 7 smartphones from its clients and is giving a full refund. Here’s to hoping that others company will follow soon as T-Mobile.