How much money has Samsung lost because of the exploding Samsung Galaxy Note 7 smartphones?

Samsung has lost $ 26 billion due to exploding Samsung Galaxy Note 7 devices
Samsung has lost $ 26 billion due to exploding Samsung Galaxy Note 7 devices

Although, as per media reports, at the most 70 Samsung Galaxy Note 7 smartphones have exploded or overheated in the US, and a few more elsewhere, up till now, there has been a worldwide reaction to the hardware glitch which, according to Samsung is a “very rare manufacturing process error.” But do you know up till now how much money Samsung has lost because of the exploding Samsung Galaxy Note 7 smartphones? Around $ 26 billion of its market value, according to this update.

Before the recall of the devices was announced by the company due to exploding Samsung Galaxy Note 7 smartphones, the company had already shipped 2.5 million devices all over the world and this is what seems to have alarmed the investors. Already Samsung’s future in the mobile business is being questioned, although this is a bit of a stretch because in the history of an electronics company, such ups and downs keep happening.

Various governments have instructed Samsung Electronics to recall the Samsung Galaxy Note 7 devices. These devices have already been banned by various airlines and if people need to carry them, they need to carry them in their check-in luggage and the devices shouldn’t be switched on during flight. This is a big dent in the reputation of one of the biggest smartphone sellers in the world.

In another development Samsung has figured out how to stop Samsung Galaxy Note 7 devices from overheating. It is sending out an operating system update that stops the smartphones from charging beyond 60%. This will shorten the battery life of the smartphones but at least they won’t be exploding unexpectedly.

About Sarah Watts
Sarah is a technology buff. Not uptight about her writing skills, but when it comes to covering technology, she is a no holds barred writer.

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