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Samsung finally ends Note 7 production

The customers of the phone complained about heating and phone catching fire

Policy Pulse
Publish Date: Oct 12 2016 3:35PM | Updated Date: Oct 12 2016 3:35PM

Samsung finally ends Note 7 production

Acknowledging recent incidents of heating and phones catching fire, Samsung has decided to end the production of Samsung galaxy Note 7. 

Though, the company has not made any official statement, but its stock exchange filing seems to be verified.
Launched on August 2, 2016, the model made headlines with costumers reporting overheating and fire catching issues that forced the Korean giant to halt the production as a step towards customers’ safety. 
Company earlier again launched the phone with green battery indicator after it found its battery to be faulty. 
After some days, the replacement Galaxy Note 7 started exploding due to which the company finally decided to call off its production. 
Samsung lost a great deal of market share owing to the existing issues with Galaxy Note7. The company lost its market of nearly $17 billion after the stock declined 8 per cent. 
Nevertheless, the company will be seeing if any other device is affected by this production.