Samsung to sell refurbished Galaxy Note 7 Smartphones
Samsung Electronics Co. Ltd has said that it plans to sell the refurbished version of the Galaxy Note 7 Smartphones.
Analysis from Samsung and independent researchers revealed that the Tech giant is planning to sell the refurbished Galaxy Note 7 Smartphones in order to recoup some of its losses its incurred last year.
It would be recalled that the Smartphone model was recalled from the market in October last year barely two months of its launch due to the exploding of the phone as a result of the fire-prone battery problem.
A subsequent probe found manufacturing problems in batteries supplied by two different companies- Samsung SDI Co Ltd and Amperex Technology Ltd.
A source close to the company said that Samsung was considering the possibility of selling the refurbished version of the device reusing some of its parts.
Samsung’s announcement that revamped Note 7s will go back on sale, however, surprised some with the timing – just days before it launches its new S8 smartphone on Wednesday in the United States, its first new premium phone since the debacle last year.
Samsung, under huge pressure to turn its image around after the burning battery scandal, had previously not commented on its plans for recovered phones.
“Regarding the Galaxy Note 7 devices as refurbished phones or rental phones, applicability is dependent upon consultations with regulatory authorities and carriers as well as due consideration of local demand,” Samsung said in a statement, adding the firm will pick the markets and release dates for refurbished Note 7s accordingly.
The company estimated it took a $5.5 billion profit hit over three quarters from the Note 7’s troubles. It had sold more than 3 million Note 7s before taking the phones off the market.
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