Samsung Stock Meltdown Lures Investors Betting on Its Survival - Bloomberg
2.5M phones, profit -= $2.3B
Samsung ends Galaxy Note 7 production, sales amid safety fears - Article - BNN
"SEOUL - Samsung Electronics Co Ltd scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its reputation and outlook after failing to resolve safety concerns.
Samsung announced the recall of 2.5 million Note 7s in early September following numerous reports of the phones catching fire and on Tuesday it finally pulled the plug on the US$882 device in what could be one of the costliest product safety failures in tech history."
Apple, Inc. (AAPL) Adds $58.8 Billion In Market Value Thanks To Samsung Electronics Limited (SSNLF)