{"id":12367,"date":"2016-10-14T10:30:31","date_gmt":"2016-10-14T08:30:31","guid":{"rendered":"https:\/\/blog.pricecheck.co.za\/?p=12367"},"modified":"2016-10-14T10:30:31","modified_gmt":"2016-10-14T08:30:31","slug":"this-is-how-much-the-galaxy-note-7-recall-is-going-to-cost-samsung","status":"publish","type":"post","link":"\/blog\/this-is-how-much-the-galaxy-note-7-recall-is-going-to-cost-samsung\/","title":{"rendered":"This Is How Much The Galaxy Note 7 Recall Is Going To Cost Samsung"},"content":{"rendered":"

Samsung are currently facing a world of trouble thanks to the battery issues currently plaguing their new Note 7 smartphone. And it looks like it’s going to cost them.<\/span><\/p>\n

Here’s how much Samsung stands to lose over the Note 7 recall<\/h2>\n

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After it was first reported<\/a> that certain Note 7 smartphones batteries were exploding, the company issued a global recall and\u00a0eventually decided to halt sales of the Note 7 all together.<\/a><\/p>\n

And all of this is bad enough for Samsung, but how much is all of this costing them?<\/p>\n

The South Korean electronics giant says the recall will cost them\u00a0approximately $3.1 billion<\/strong> over the next six months. This is in addition to the $1 billion that the first recall cost Samsung. And apart from the costs incurred by the two recalls, Samsung will naturally also suffer sales losses due to the Note 7 being pulled from the shelves. The company took as estimated $2.3 billion<\/strong> sales knock in third-quarter thanks to the Note 7.<\/p>\n

All-in-all that’s a more than a $6 billion<\/strong> loss caused by exploding Note 7 batteries.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung are currently facing a world of trouble thanks to the battery issues currently plaguing their new Note 7 smartphone. And it looks like it’s going to cost them. Here’s how much Samsung stands to lose over the Note 7 recall     After it was first reported that certain Note 7 smartphones batteries were<\/p>\n

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