Category archives: Samsung

The world’s largest smartphone maker announced a global recall of at least 2.5 million of its flagship Note 7 smartphones in 10 markets last month due to faulty batteries causing some phones to catch fire.

U.S. regulators are warning owners of certain top-load Samsung appliances of ‘safety issues.’

The announcement comes two weeks after the company issued a global recall amid reports of exploding batteries.

The firm has sold 2.5 million Note 7 phones in 10 markets including South Korea and the United States that are subject to the recall.

Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.

The company recalled Galaxy Note 7 smartphones in 10 markets including South Korea and the United States after finding its batteries were prone to ignite.

Investors sold Samsung shares after the delay announcement on Thursday, stripping about $7 billion from the firm’s market value.

Local media reports have said some users of the device have claimed that the battery for their phones exploded.

The mobile division likely was the top earner for the second straight quarter, raising the question of whether the South Korean company can sustain this strong momentum in the face of competition from Apple and cheaper Chinese rivals.

‘If you’re in the trenches, you want to have a machine gun, a grenade, a mine on hand,’ Samsung’s VP of smartphone product planning said.