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Samsung Note 7 recall will be pricey, but probably worth it

The South Korean company may spend as much as $1 billion, after deciding to replace all of the 2.5 million Note 7 phones

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Samsung Note 7 Recall

Bloomberg 

Samsung Electronics's recall of millions of big-screen smartphones isn't going to be cheap. The South Korean company may spend as much as $1 billion, after deciding to replace all of the 2.5 million Note 7 phones that were shipped since they went on sale two weeks ago, according to estimates compiled by Bloomberg. Samsung would only say the amount was "heartbreaking.'' About three dozen of the devices were found to have batteries that caught fire and exploded. The timing couldn't have been worse. Samsung was on a roll, with the success of its flagship Galaxy S7 ...

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First Published: Tue, September 06 2016. 00:07 IST
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