Samsung mobile recovery suffers blow as Galaxy Notes 'catch fire'
- 8 years ago
The recovery in Samsung Electronics Co Ltd's mobile business suffered a blow on Thursday as reports of exploding batteries forced the firm to delay shipments of Galaxy Note 7 smartphones, and knocked US$7 billion off its market value.
Faults with the new premium flagship device could deal a major blow to the South Korean giant, which was counting on the Galaxy Note 7 to maintain its strong mobile earnings momentum against Apple's new iPhones expected to be unveiled next week.
Faults with the new premium flagship device could deal a major blow to the South Korean giant, which was counting on the Galaxy Note 7 to maintain its strong mobile earnings momentum against Apple's new iPhones expected to be unveiled next week.