Samsung formally stopped production, sales and exchanges of its Note7 smartphones early Tuesday, after several weeks of reports that the devices — and even their replacements — overheated, smoked and caught fire.
The death of the Note7 will be costly, according to many analysts.
Patrick Moorhead of Moor Insights & Strategy has pegged the overall cost to Samsung at $5 billion to $7.5 billion, not including the hard-to-estimate impact on the Samsung brand. Some analysts, including Credit Suisse, said the lost sales on up to 19 million Note7 phones is about $17 billion.
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Source: COMPUTER WORLD