Samsung Plans Global Recall of Note 7 Phones, Yonhap Reports
- Company is evaluating issues with the big-screen smartphones
- News impacts Samsung just before Apple introduces new iPhones
Samsung Plans Galaxy Note 7 Global Replacement Program
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Samsung Electronics Co. is expected to announce a global recall of the large-screen smartphone Note 7 because of faulty batteries that catch fire, Yonhap reported, citing an unidentified company official.
The world’s largest smartphone maker will announce the results of an investigation and a plan to deal with the issue as soon as this weekend, according to the news agency. Samsung shares, which had climbed more than 25 percent this year, rose less than 1 percent to 1,601,000 won in early Seoul trading. Affiliated battery unit Samsung SDI Co. saw its stock decline as much as 3.7 percent to 104,500 won.