Business
Samsung Halts Sales Of Galaxy Note 7

Samsung Electronics Co. Ltd. halted sales of its Galaxy Note 7 smartphones yesterday and told owners to stop using them. The company said in statement in Seoul that it was investigating reports of fires from the phone by consumers. “Consumers with either an original Galaxy Note 7 or replacement Galaxy Note 7 device should power down and stop using the device,” the company said.
Samsung is now considering permanently halting sales of its flagship smartphones as an option, a source familiar with the matter said. Fresh reports of fires in replacement devices prompted new warnings from regulators, phone carriers and airlines. However, Samsung Spokeswoman said that nothing had been decided about future sales plans. The world’s top smartphone maker said it had asked all global carriers to stop sales of the Note 7s and the exchange of original devices for replacements. The company is offering to exchange Note 7s for other products or refund them. Samsung’s decision to pull Note 7s off the shelves for the second time in less than two months could result in huge financial and reputational costs.
Analysts say a permanent end to Note 7 sales could cost Samsung up to $17 billion and tarnish its other phone products in the minds of consumers and carriers.
Investors wiped $18.8 billion off Samsung Electronics’ market value on Tuesday as its shares closed down eight per cent – their biggest daily percentage decline since 2008.
The premium device launched in August was supposed to compete with Apple Inc’s latest iPhone for supremacy in the smartphone market. However, within days of the launch, images of charred Note 7s began appearing on social media, in the first sign that something was amiss with the gadget. Samsung has since recalled 2.5 million Note 7s due to faulty batteries.
“This has probably killed the Note 7 brand name – who knows if they will even be allowed to re-release it,” Mr Edward Snyder, Managing Director of Charter Equity Research, said.
“By the time they fix the problem, they have to go through recertification and requalification, and by the time that happens, they are going up against the (Galaxy) S8 launch.”
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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