Samsung Note 7 recall to cost $5.3b

Samsung Note 7 recall to cost $5.3b
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Samsung Electronics said on Friday that discontinuing the Galaxy Note 7, which is prone to overheat and catch fire, will cost it about USD 3 billion in the current and coming quarters, raising total costs from the recalls to at least USD 5.3 billion.

Seoul: Samsung Electronics said on Friday that discontinuing the Galaxy Note 7, which is prone to overheat and catch fire, will cost it about USD 3 billion in the current and coming quarters, raising total costs from the recalls to at least USD 5.3 billion.

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