Galaxy Note 7 debacle costs Samsung $17 billion, company plans to boost Galaxy S7 production: Report

Samsung Electronics’ recall of Galaxy Note 7 worldwide would be the worst-ever recall for the company, costing it a whopping $17 billion.

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In the early September, Samsung announced the first recall of its flagship smartphone following the numerous reports of the phone catching fire. The company replaced the devices with an updated battery. However, on Tuesday, many of these replaced handsets were reported to catch fire, deepening the crisis. With this, Samsung asked the carriers to cease the sales of Galaxy Note 7. It also asked the users to shut down the device globally.

The U.S. safety regulators are already probing the issue of the smartphone. Meanwhile, Samsung may withdraw the model and move to the other successors of Galaxy series, reported Reuters. In order to compensate the financial loss caused by the recall of Galaxy Note 7, the company may beef up the production of Galaxy S7.

“Samsung is planning to put more focus on the Galaxy S7 by ramping up production of the handset,” said unnamed sources to Korean Herald. According to the report, the company has requested its partners to make more parts of the Galaxy S7. There are also reports that the company will also boost the production of smartphones such as Galaxy A8.

Samsung has also not decided the launch of Galaxy S8, the flagship smartphone company was planning to announce in March 2017. There were reports that the company will advance the launch date of S8.