Samsung Will Start Selling Refurbished Galaxy Note 7 Units
A Korean publication The Investor today published a new report on Samsung Electronics, they are planning to sell refurbished units of recalled Galaxy Note 7. Refurbished devices will be sold in emerging markets starting later this year. This units will pack a smaller battery, so the units will not suffer from the same issues that plagued the Galaxy Note 7 last year.
3.06 million units of Galaxy Note 7 have been shipped in Korea. 200,000 of these units Samsung used for investigation of the battery explosion. 2.5 million units have been stocked in inventories, while 2.5 million units were sold abroad in Europe and US. Samsung is planning to sell refurbished Galaxy Note 7 smartphones only in emerging markets, like India and Vietnam, but they have no plans on selling the Galaxy Note 7 in the US again.
Samsung has suffered $2.6 billion in losses through the recall program, with total loss at around $6 billion. After all the investigation Samsung found that the initial Galaxy Note 7 units suffered from a design flaw, that led to the batteries exploding in few cases. After first replacement units were shipped, they were also found to have a manufacturing defect. After all, Note line will continue to exist, confirmed by Samsung, and Galaxy Note 8 will be announced later this year.