Samsung Electronics Co. stated on Tuesday it has recovered over 60 percent of the recalled Galaxy Note 7 phones that were sold in the South Korean and U.S. markets, indicating it is making headway in its endeavor to bounce back from the crisis.
The tech giant said in a statement that it was aiming to replace all affected devices as swiftly and efficiently as possible and restated its call to customers who are affected by the global recall announced on September 2 to power off their smartphones and to return them.
Samsung recalled around 2.5 million Galaxy Note 7 smartphones in 10 markets around the world earlier this month due to battery issues that causes some units to overheat and catch fire. The tech company stated replacement Note 7s it issued starting mid-September utilized safe batteries.
Analysts estimate that the crisis could erase almost $5 billion in revenues for Samsung Electronics this 2016.
The material has been provided by InstaForex Company – www.instaforex.com