Galaxy Note 7 – $1 billion lost to recall

1 billion dollars, that's how much the Samsung company would lose after it ordered the recall for the replacement of 2.5 million Galaxy Note 7 terminals delivered to customers and partners. We are talking about a colossal figure, higher than the annual receipts of many competitors, but the Koreans have where to pay, even such a large bill.

Those from Samsung stated that the amount is one that breaks your heart, but this is the only solution to solve the problem of Galaxy Note 7 terminals whose batteries explode. Without ensuring that the Galaxy Note 7 meets the highest quality standards, Samsung delivered units with major problems, and is now paying dearly for it.

We are talking about 1 billion dollars that Samsung will pass on as losses, but the amount will be higher if we add all the promotion that it will have to do. Samsung will have to clean up its image in front of customers who are now afraid to buy its products, so it will have major investments to make in the coming years, as it launches new products.

Samsung loses $1 billion due to Galaxy Note 7

Samsung's decision to recall the Galaxy Note 7 now is very brave and unprecedented, but it could help the company avoid a disaster with Galaxy S8. The Galaxy Note 7 is compromised, this is very obvious, but Samsung must look to the future and protect the Galaxy S8 from a similar failure.

If Samsung had postponed this decision by a few weeks or months, then the long-term impact would certainly have been much greater than the one felt now. Considering his quick decision, there are very high chances that the Galaxy S8 will not be affected by this problem and the image of the company will be restored to a certain extent.

Of course, everything will depend on how things will evolve and if other problems will appear in the future, but based on what is seen now, Samsung made a very good decision.