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Samsung Halts Production Of Galaxy Note 7 Following Explosive Reports

The Galaxy Note 7 has been a nightmare for the Korean tech giant.

Cover image via Dailydot

It's confirmed: Samsung permanently discontinues the Galaxy Note 7

Image via Digital Trends

It's official. South Korean tech giant Samsung has permanently ceased production of its flagship Galaxy Note 7 smartphones after reports of devices catching fire.

Samsung confirmed the official discontinuation of the Galaxy Note 7 line by releasing a statement on Tuesday, 11 October

Image via Geek News

"For the benefit of consumers' safety, we stopped sales and exchanges of the Galaxy Note 7 and have consequently decided to stop production," Samsung's statement said.

The Note 7 disaster has left Samsung bruised and battered. Losses are estimated to be around USD17 billion.

According to tech site Android Authority, the company is facing a massive USD17 billion dollars in lost sales revenue.

Shares in Samsung Electronics have dipped as well. It closed down at 8% - its biggest daily percentage drop since 2008 - with almost USD20 billion wiped off the company's value Tuesday.

10 OCTOBER: Samsung has temporarily halted production of its trouble Galaxy Note 7 smartphone, according to sources close to the Korean tech giant

Image via CNET

The reports come from the New York Times and Korean news agency Yonhap. Both companies confirmed that they've received news that Samsung is finally putting a stop to the production of the Galaxy Note 7.

The decision doesn't come off as a surprise considering how the company has struggled to handle the ongoing recalls of the smartphone

A charred Galaxy Note 7.

Image via Softpedia

Samsung has replaced the first batches of Galaxy Note 7s that were prone to catching fire and exploded. Little did they know, the replacements were also susceptible to exploding.

In the past week, at least four reports surfaced from Galaxy Note 7 owners in the US claiming that their replacements devices suddenly caught fire.

According to Yonhap, the halt in production is said to be in cooperation with safety regulators in the US, China, and Korea

Image via CNME Online

"This measure includes a Samsung plant in Vietnam that is responsible for global shipments (of the Galaxy Note 7)," an official at a supplier for Samsung was quoted as saying to Yonhap.

T Mobile and AT&T - two major carriers in the US - have now suspended sales of the product, and the exchange program has also been halted. Instead, the carriers encourage customers to opt for smartphones from other brands.

Image via CBC

“We’re no longer exchanging new Note 7s at this time, pending further investigation of these reported incidents,” AT&T said in a statement.

Regarding the suspensions by carriers, Samsung added, “We respect their decision.”

wsj.com

Samsung hasn't responded to the reports but this has slowly becoming a disaster that the company hopes to forget in due time

The global recall of the Galaxy Note 7 devices will cost Samsung more than USD1 billion:

Samsung just can't catch a break...

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