According to reports, the Samsung Note 7 recall could cost the company as much as $1 billon. Samsung recalled 2.5 million units after a few batteries were reported as exploding inside of the phone. The company is reportedly dropping it's own batteries, which powered nearly 70% of the Note 7s in favor of a supply by a Chinese manufacturer that were exempt from the issues. Short term this is definitely a big hit to profits, but long term this recall should help keep the brand in a somewhat good light.
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