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Samsung Electronics shares slide as Note 7 collapse weighs

The company announced the recall of 2.5 million Note 7s in early September following reports of the phones catching fire

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Samsung Note 7 Recall

Reuters  |  Seoul 

Shares of Samsung Electronics Co Ltd opened weaker on Wednesday, touching a one-month low due to concerns about the firm's prospects after it scrapped its flagship Galaxy Note 7 smartphones due to continuing safety risks. The world's top smartphone maker on Tuesday said it permanently halted sales of the beleaguered flagship smartphone in what could be one of the costliest product safety failures in tech history. Samsung announced the recall of 2.5 million Note 7s in early September following reports of the phones catching fire. The firm appeared to have the situation ...

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First Published: Wed, October 12 2016. 07:02 IST
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