On Monday, South Korean device maker Samsung and the US Consumer Product Safety Commission (CPSC) issued a warning to the owners of the battery-issues-plagued Galaxy Note 7 to power down their handsets.
The warning to power down Galaxy Note 7 handsets comes for all the users of the handset, irrespective of whether their devices are the original Note 7 units or the supposedly safe replacement units.
In a recently released report, South Korea's Yonhap News Agency has disclosed that bigwig smartphone manufacturer Samsung may soon announce a massive worldwide recall of its latest Galaxy Note flagship handset --- the Galaxy Note 7.
Previously, The Korea Herald had reported that a recall of Galaxy Note 7 handsets is being 'considered' by Samsung.
How is the global smartphone market translating for Samsung, sluggish or a comeback to glory?
With Galaxy S3's launch in 2012, Samsung, the South Korean company, got to be called the smartphone king. Its immense popularity helped Samsung to earn record profits in five straight quarters. But with subsequent launches, the smartphone fortunes of the company appeared gloomy as those could not ignite the same kind of excitement among the customers. The dropping sales numbers led Samsung to seven consecutive quarters of profit decline.
Micron Technology Inc, a company that makes DRAM and NAND flash memory chips forecast a surprise loss for the second quarter. The company is struggling with sluggish demand and a low average selling price for memory chip that are used in personal computers.
Glass Lewis & Co Investor Advisor says Samsung C&T Shareholders should Reject Takeover Bid from Cheil Industries Inc.Submitted by Isha Sondhi on Thu, 07/02/2015 - 12:18
Glass Lewis & Co, the proxy advisory firm said that Shareholders of Samsung C&T Corp should not accept the takeover offer of $8 billion from Cheil Industries Inc. The deal may prove exceeding advantageous for Cheil Industries Inc which is the de facto holding company of Samsung conglomerate.
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