15
Samsung to Permanently Discontinue Galaxy Note 7 Smartphone

The Wall Street Journal:

Samsung Electronics Co. said on Tuesday that it is discontinuing its embattled Galaxy Note 7 smartphone, pulling the plug on a product whose botched recall has brought headaches to consumers and damaged the Samsung brand.

Samsung said in a filing with South Korean regulators that it would permanently cease production and sales of the device, following a string of reported incidents in which supposedly safe replacements of the smartphone overheated and in some cases caught fire.

“Taking our customer’s safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7,” the company said.

Horace Dediu:

Hmm. I wonder if we will soon see a quarter when one phone maker captures 100% of the profit in the industry.

Tuesday, 11 October 2016