Samsung to disclose cause of Galaxy Note 7 fires on Jan. 23
Findings of Samsung's investigation into what caused some of its Galaxy Note 7 smartphones to catch fire will be disclosed a day before the announcement of its fourth quarter result, the South Korean electronics giant announced on Friday.
Samsung executives and independent experts who conducted the investigation into the Galaxy Note 7 fire incidents will share their findings in a press conference on January 23 in Seoul. It will be available globally through a live-stream.
The company also revealed that head of its mobile business, Koh Dong-jin, will also participate in the press conference. Results for the company's October-December quarter as well as full 2016 are scheduled to be disclosed on Jan. 24.
While Samsung is still preparing to announce the findings of its months-long investigation into Note 7 fire incidents. Some media outlets recently reported that a person familiar with the matter revealed that the fires were caused by an issue in the battery.
The multiple Note 7 fires forced the company to first recall the handsets and then stop its production in October 2015. It caused a 6.1 trillion won or $5.2 billion blow to the electronics giant's operating profit over three quarters.
In Friday morning trade in Seoul, stock in Samsung slipped 1.23 per cent to hit 1,851,000 won pr share.
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