Friday, 19th April 2024
To guardian.ng
Search

Samsung suffers $2bn loss with Galaxy Note 7 recall

By Al Jazeera
01 October 2016   |   10:00 am
A delay in the recall of the Samsung Galaxy Note 7 in South Korea has forced the company to push back the release of new phones, costing the firm close to $2bn.

0 Comments

Your email address will not be published. Required fields are marked *

Related

4 days ago
Here's what's been making the business headlines in sub-Saharan Africa this week.
4 days ago
The allies of South Korean President Yoon Suk Yeol have suffered a resounding defeat and lost their majority in parliament. Yoon might yet get a chance to recover, however, as his rivals battle legal issues.
13 Apr
Nigeria’s Minister of Finance, Wale Edun says 4.83 trillion naira from T-Bills and Bonds issued in the first quarter of this year was used to pay part of the Ways and Means advances from the Central Bank of Nigeria. Sam Chidoka, CEO of Kairos Capital joins CNBC Africa for more on this discussion and Nigeria's debt management strategy.
3 days ago
A year after Lula came to power, his gamble has paid off: deforestation has been halved in the Amazon. But this success comes at the cost of sacrificing another ecosystem that's just as vital to Brazil: the Cerrado.
3 days ago
Some top Nigerian banks are eyeing the international and local capital markets to raise fresh capital in a bid to meet the recapitalisation exercise by the Central Bank of Nigeria. Egie Akpata, Chairman of Skymark Partners joins CNBC Africa to examine options available to banks.
1 day ago
According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years