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The Note 7 is dead: What Samsung must do now
Samsung formally stopped production, sales and exchanges of its Note7 smartphones early Tuesday, after several weeks of reports that the devices -- and even their replacements -- overheated, smoked and caught fire.The death of the Note7 will be costly, according to many analysts.Patrick Moorhead of Moor Insights & Strategy has pegged the overall cost to Samsung at $5 billion to $7.5 billion, not including the hard-to-estimate impact on the Samsung brand. Some analysts, including Credit Suisse, said the lost sales on up to 19 million Note7 phones is about $17 billion.To read this article in full or to leave a comment, please click here
