Samsung announces total halt to production of Galaxy Note 7

October 11, 2016 14:59

Samsung Electronics says it is halting production of Galaxy Note 7s due to new quality problem.

Earlier, the shares of Samsung Electronics Co Ltd plunged by eight percent in trading in Seoul on Tuesday after the company decided to halt the sales of Galaxy Note 7.

The South Korean giants' decision to halt sales came amid reports of the Smartphone exploding following which the company decided to stop the production of Note 7.

The Samsung in an email to the Verge said, 'Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note 7. Consumers with an original Galaxy Note 7 or replacement Galaxy Note 7 should power down and take advantage of the remedies available, including a refund at their place of purchase.'

The smartphone was scheduled to launch in this Diwali.

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