Samsung Delays the re-sale of Galaxy Note 7 in South Korea till Oct 1

Samsung Electronics Co Ltd said that it was delaying the start of new Galaxy Note 7 sales in South Korea by three days. Samsung Delays the re-sale of Galaxy Note 7 in South Korea till Oct 1. However, Samsung revealed that they have replaced almost half of the affected phones in US.

Samsung Delays the re-sale of Galaxy Note 7 in South Korea till Oct 1

According to Samsung, around 2.5 million of the premium devices worldwide need to be recalled. However, some analysts say the recall could cost Samsung nearly $5 billion in lost revenue this year. Samsung is recalling the phones due to a faulty battery causing the phones to catch fire.

According to Samsung, about 200,000 affected customers have turned in their devices. However, half of affected customers and a recall pace that is much slower than other markets such as Singapore and the United States.

For More Information Please Read: Samsung Exchanged Almost Half of the Affected Note 7 Phones in US

The firm hopes to complete the recall quickly and restart sales in the fourth quarter to salvage earnings.

Affected customers would no longer be able to exchange their devices through domestic carriers starting on Oct. 1, making the process more difficult.

Samsung hopes to restart new sales in affected markets once it makes enough progress with the recalls, having announced plans to restart sales in Australia and Singapore in October.

Also Read: Samsung to Replace one Million US Galaxy Note 7 Phones