Samsung shares rise despite massive Note 7 smartphone recall
Investors apparently do not see lasting damage to Samsung Electronics from the recall of 2.5 million of its Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded.Its shares fell when the recall was announced but rose 0.56 percent in Seoul on Monday.Samsung's affiliate SDI fell 2.76 percent although it has not been confirmed it made the faulty batteries.
Note 7 recall: Samsung halts sales of smartphone after battery explosion
Samsung has halted sales of its flagship Galaxy Note 7 smartphone device amid fears that the battery could be dangerous.The company has sold millions of the devices, which retail at £749 in the UK, and is now offering to replace them all — a move that is likely to put a huge dent in Samsung's coffers.Samsung's decision to halt sales and replace the phone comes after multiple reports claimed the phone was "exploding" during or after charging.
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Samsung to launch Note 7 smartphone by month-end
MUMBAI: Samsung India will begin sale and deliveries of the Galaxy Note 7 smartphone — whose launch was deferred after nearly three dozen devices exploded during or after charging in overseas markets — by around month-end.It will also offer benefits of nearly $100 (Rs 6,500) for customers.Industry sources told TOI that the company has firmed up a new launch plan after deliveries had to be cancelled on Friday due to a global recall.The sources said benefits being considered include a free accessory worth around Rs 1,500, a complimentary virtual reality (VR) headset (earlier being offered at Rs 1,990) and free-of-cost VR digital content worth Rs 3,000.
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