Samsung Galaxy Note 7 Recall: Its Pros, Cons And Costs
Ever since users of the Samsung Galaxy Note 7 first started complaining about exploding units, the public has been questioning why and how the Korean tech giant could have let this happen. Though the cause is clear - an imbalance in the lithium-ion batteries - the recall is going to cost Samsung a great amount of money, maybe even billions. And while this definitely spells trouble for both the company and its clients, there could be a shining light for interested buyers.
As Beta News reports, current Galaxy Note 7 users in the US can opt to have their handhelds exchanged for a new unit that has gone through more thorough product testing, or to get a full refund. In addition, Samsung will also provide a $25 rebate on the user's phone bill.
After all the units have been recalled, retested and redistributed, Samsung may be down by as much as $1 billion. This is a stark comparison to the expected revenue of $1.5 billion and profit of $270 million from its first 2.5 million units.
The Remaining Units
From the 2.5 million units that were already ready for shipping, an estimated 1.5 were already shipped out. That means that as many as 1 million units never made it out before Samsung ordered the recall.
Once the released units are recalled, Samsung is bound to replace the only thing that is making the unit risky - its battery. This is a relatively easy fix, but the problem is that no one will want to buy a refurbished phone at market price. As Yahoo! notes, Samsung might opt to sell the fixed devices for a lower price, in order to minimize its costs. While this will definitely entice buyers, especially those that found the original price tag too steep, Samsung has not confirmed such a program.
Galaxy Note 8 Design Revealed By Samsung's Case Maker
Samsung is set to release its Galaxy Note8 on August 26 at a special event in New York. The selling period of the smartphone could start a month after at a starting price of $1000.
Samsung Galaxy Note 7 Back From The Dead, Spotted on GFXBench
The Samsung Galaxy Note 7 FE or Fandom Edition will finally drop in stores early this July and its specs are impressive according to a GFXBench leak.
New Samsung Galaxy Note 8 Leak Reveals Amazing Specs As Expected
A leakster from Korea detailed some of the impressive specifications of the upcoming Samsung Galaxy Note 8 proving that it will be one of the best phablets ever.
Samsung Will Release ‘Fandom’ Edition Of Galaxy Note 7
The new refurbished edition will be called as the Samsung Galaxy Note 7 FE and it will feature different components than the original device. It will hit stores on July 7th starting in South Korea.
Refurbished Galaxy Note 7 Will Possibly Share Same Specs And Colors' Sheet With The Original Galaxy Note 7
The refurbished Samsung Galaxy Note 7, which will be called as the Galaxy Note 7R, will be released on July 7th in Korea and it is expected to cost anywhere between 740,000 and 760,000 won — that’s $656 and $673, respectively.
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