Samsung Kills Off Note 7 After Second Round of Battery Fires
- Company had already recalled 2.5 million Note 7 phones
- Regulators, carriers had pressed Samsung to halt sales
Samsung Trims Profit by $2.3 Billion on Troubled Note 7
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Samsung Electronics Co. is ending production of its problematic Galaxy Note 7 smartphones, taking the drastic step of killing off a device that became a major headache for South Korea’s largest company.
Samsung had already recalled the Note 7 once last month after early models exploded and the latest move comes after customers reported that replacement phones were also catching fire. Samsung will be without its highest-end smartphone that was supposed to compete against Apple Inc.’s iPhones and other premium devices during the holiday shopping season.