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Samsung incurs Rs 1 Lakh Crore loss
By: Tupaki Desk | 12 Oct 2016 3:55 PM GMT
Samsung Galaxy Note 7 battery issues has led to the down fall of the reputed electronics firm. Numerous cases of explosion of Galaxy Note 7 leading to burn injuries and damage of properties have been reported. Soon, Samsung recalled 25 lakh mobiles and replaced them. Adding more trouble to the firm, Even the replaced mobile emitted smoke in the flight. Such incidents have forced Samsung to stop production of Galaxy Note 7.
Already, Samsung declared it incurred losses to the tune of $10 billion (Rs 65,000 crore). It is yet to figure out the solution for the present problem.
As per experts, Samsung is likely to lose Rs 1 lakh crore due to the crisis. Share Value of Samsung has dipped as it lost all the good-will earned over the years.
Due to Samsung crisis, Apple shares have increased by 10 percent. Even the sales of iPhone 7 and iPhone 7 Plus are beyond expectations.
Already, Samsung declared it incurred losses to the tune of $10 billion (Rs 65,000 crore). It is yet to figure out the solution for the present problem.
As per experts, Samsung is likely to lose Rs 1 lakh crore due to the crisis. Share Value of Samsung has dipped as it lost all the good-will earned over the years.
Due to Samsung crisis, Apple shares have increased by 10 percent. Even the sales of iPhone 7 and iPhone 7 Plus are beyond expectations.
