Jethro Mullen and K.J. Kwon, reporting for CNN Money:
The massive recall of one of Samsung’s flagship devices is an
embarrassing setback for the world’s biggest selling smartphone
maker. The Note 7 was unveiled just a month ago, and big rival
Apple is expected to show off its new smartphone next week.
Samsung said Friday it had found a problem with the battery in
some of the phones and was halting sales in 10 countries,
including South Korea and the U.S. It will offer customers a new
product for free in the coming weeks to replace the 2.5 million
Galaxy Note 7s that have been sold.
That’s a multi-billion dollar mistake.