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    Samsung's US$16 billion battery hit

    Life, James Hein, Published on 21/09/2016

    ยป The news has not been good for Samsung with the Note 7 still causing problems as they recall every unit. This situation is unusual for Samsung as they are normally better at the component supply chain. Apple, of course, is taking advantage after their own antenna gate and I suspect secretly gloating that it has happened to their biggest competitor. As I write this, Samsung has taken a US$16 billion dollar hit at the stock market and has had to drop $25 billion from their market cap value. Samsung has also announced they are selling their printer business to Hewlett Packard.

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