SEOUL, Oct. 13 (Korea Bizwire) – Owners of the Galaxy Note 7 in South Korea on Thursday started getting a refund or swapping their phones for another smartphone, two days after Samsung Electronics Co. decided to discontinue the device over safety concerns. Consumers who have a Note 7 in their possession must visit stores where [...]
SEOUL, Oct. 12 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has revised its operating profit estimate for the third quarter down to 5.2 trillion won (US$4.6 billion), hit by the permanent end of the Galaxy Note 7 smartphone. Samsung had previously estimated that its operating profit for the July-September period may stand at [...]
SEOUL, Oct. 12 (Korea Bizwire) – Samsung’s decision to stop selling and producing its Galaxy Note 7 phablet might have been a smart move, as it showed the company wasn’t afraid to take big steps to correct its mistakes, and can now move on to focus on the success of future projects. But what is [...]
SEOUL, Oct. 12 (Korea Bizwire) – CEO-level executives of Samsung Group companies, including Samsung Electronics Co., held their weekly meeting in Seoul on Wednesday, but they refused to comment on the permanent halt of production of the Galaxy Note 7. The meeting came a day after Samsung announced that it scrapped the flagship Note 7 [...]
SEOUL, Oct. 11 (Korea Bizwire) – The recent announcement that Samsung would suspend the production of its flagship Galaxy Note 7 is likely good news for other premium smartphone manufacturers. In an announcement on Tuesday, the tech giant advised customers with either an original Galaxy Note 7 or a replacement model to power down and [...]
SEOUL, Oct. 11 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will ask global partners to halt sales and exchanges of the Galaxy Note 7 and advised consumers to immediately stop using the smartphone because of continued safety concerns. The latest warning came about 10 days after Samsung resumed sales of the new Note [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung has temporarily halted the production of its latest phablet amidst media reports of Galaxy Note 7 devices catching fire despite having been replaced, leaving consumers wondering if the flaw is in the phone itself instead of the battery. Following reports of Note 7s catching fire soon after the [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung Electronics Co. has temporarily suspended production of the Galaxy Note 7 smartphone, an official at a supplier for Samsung said Monday, amid a series of media reports that some Note 7 replacements have caught fire. The halt is in cooperation with consumer safety regulators from South Korea, the [...]
SEOUL, Oct. 7 (Korea Bizwire) – Owners of Samsung smartphones are still anxious despite the company’s quick recall measures as two additional phablets were found to have caught on fire. One of the incidents took place in Korea on October 1 at a home in Seoul, the same day that Samsung resumed sales of its [...]
SEOUL, Oct. 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its third-quarter operating profit may rise 5.55 percent on year, despite a global recall of the Galaxy Note 7 smartphones. Operating profit is estimated at 7.8 trillion won (US$6.98 billion) in the July-September period, compared with 7.39 trillion won for the same quarter [...]