Samsung capitalization fell by $22 billion because of the review of the Galaxy Note 7

Samsung capitalization fell by $22 billion because of the review of the Galaxy Note 7

Moscow. September 12. The capitalization of the South Korean electronics manufacturer Samsung Electronics Monday fell $14 billion on expectations that the company’s losses in connection with the review of the Galaxy Note 7 will be much more significant than previously expected. Thus at the end of trading on Friday, shares of Samsung fell 3.9%, thus, over the two sessions, the market value of the company decreased by $22 billion.

In the world10 Sep 2016Samsung called on the owners of Galaxy Note 7 to turn them off and rather obamanationcare read more

Company September 2, announced a global recall of smartphones Galaxy Note 7, entered the market only in August this year, due to defective batteries. From this time it became known about new cases of ignition batteries smartphones.

Over the weekend Samsung Electronics asked the owners of the Galaxy Note 7, urging them to stop using the devices and bring them to the service center for replacement.

At the end of last week, the Federal aviation administration (FAA) has warned passengers about the dangers of using the Galaxy Note 7 on Board the aircraft due to ignition devices during charging.

Australian airline Qantas Airways, Jetstar, Virgin Australia, Tiger Airways previously banned passengers to use Galaxy Note 7 is on Board because of problems with the batteries of smartphones.

Expire Galaxy Note 7, the company shipped about 2.5 million of these devices, and refurbished smartphones, with new batteries, will be available on September 19.