Samsung Plans To Compensate Suppliers Of Galaxy Note 7 Parts

Since Samsung was forced to recall the Galaxy Note 7 and permanently discontinued the smartphone, many suppliers have been left with fairly sizeable components stocks, which can't be used for something else.

Taking a Samsung Galaxy Note 7 on a plane could cost you nearly $180,000 and up to 10 years in prison, as the Note 7's defective battery could catch fire and cause serious damage to anything nearby, including people.

The Galaxy Note 7 has now been recalled and banned from flight in the USA, but some consumers may not be aware that any of that has happened.

Analysts predict that 1 million Note 7 phones are still being used around the world.

It is important to note that nothing is official yet - and it does not seem as though Samsung has notified suppliers of changes to its smartphone business just yet.

Though most of Samsung's smartphones are manufactured overseas, the company is a key customer for many South Korean parts makers including Samsung Electronics affiliate Samsung Electro-Mechanics Co Ltd.

August 2 - Samsung unveils the Galaxy Note 7 at a NY media event.

But most users said they are very satisfied with Galaxy Note 7 and can not easily find an alternative model.

Several leading airlines have announced that passengers are not allowed to bring the Galaxy Note 7 onto flights in recent weeks following multiple reports that the devices are prone to overheating and even catching on fire.

Given the Samsung Group's stature within Asia's fourth-largest economy - it accounts for around 17% of gross domestic product (GDP) - the Note 7 debacle has had a national impact.

Samsung has opened "swap and drop" booths at major Australian airports where owners of the Galaxy Note 7 smartphone can swap the trouble-plagued device for a Galaxy S7 Edge.

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