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Galaxy Note 7 Fiasco Costs Samsung $17 Billion

Galaxy Note 7 Fiasco Costs Samsung $17 Billion

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The Galaxy Note 7 fiasco threatens to become not just Samsung’s but also the tech industry’s biggest product-launch disasters in history.

The company’s most expensive smartphone, Galaxy Note 7, is also one of its lowest-volume products, yet the cost of its “exploding battery” disaster, product recall, and the subsequent product discontinuation, may have cost Samsung more heavily than you’d think.

Market analysts calculate the net loss to Samsung’s market capitalization at a staggering $17 billion (USD), considering that the cost incurred to the company grappling under this disaster was under $3 billion.

Read More/Source: NextPowerUp

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