- Having suspended Galaxy Note 7 production on alleged replacement device issues, Samsung Electronics (OTC:SSNLF) might not get another chance to redeem the backfired product.
- AT&T, T-Mobile, Sprint and Verizon began offering exchanges of already replaced Note 7 devices late last week, though now these carriers (except Sprint – no news so far), are terminating all sales and exchanges of the smartphone.
- With this year's cycle looking increasingly like the iPhone's to command, the ongoing negative news involving Samsung's intended flagship Galaxy Note 7 product at a minimum has Apple (AAPL +1.9%) shares strengthening on the present term.
- The two companies are furthermore set to take a dispute relating to iPhone design patents before the U.S. Supreme Court tomorrow.
- Related: Google Pixel advertising blitz commences
- Update (2:20PM ET): Sprint added to list of carriers ceasing distribution, Best Buy also ending sales.
Apple +2%, Samsung's difficulties escalate [updated]
Recommended For You
About SSNLF Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
SSNLF | - | - |
Samsung Electronics Co., Ltd. |