October 12, 2016
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7:31Now PlayingSamsung’s Galaxy Note 7 is an unmitigated disaster. The company has decided the exploding phone is so bad it can’t be fixed. They’re discontinuing the model for good. Cenk Uygur, Grace Baldridge, and Brett Erlich, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"It’s over. Samsung is permanently ending production of its Galaxy Note 7. Just a day after the Korean giant halted sales worldwide of the exploding phone, Samsung has elected to stop production of the troubled device altogether.
The New York Times first reported the news, citing “a person familiar with the matter.”
In a statement filed with the country’s stock exchange late Tuesday, Samsung said it had made a “final decision” to stop production. That means the company will no longer produce or market the smartphone, said the person, who spoke on the condition of anonymity because Samsung did not publicly disclose further information about the decision.
Samsung issued a subsequent statement to CNBC and Gizmodo, confirming that the Note 7 will no longer be produced.
For the benefit of consumers’ safety, we have stopped sales and exchanges of the Galaxy Note 7 and have consequently decided to stop production.
Samsung also told CNBC that it would have “more specific action plans after talks with carriers and government bodies in each country.”
The permanent end of production starts to the process of closing one of the most embarrassing and unprecedented events in consumer tech history. Just over a month ago, Samsung delayed shipments of its flagship handset, after reports that units were catching of fire spread in Korea and parts of Asia. This was followed by a voluntary recall, which became a federally orchestratedofficial recall one week later.”*
Read more here
Hosts: Cenk Uygur, Grace Baldridge, Brett Erlich
Cast: Cenk Uygur, Grace Baldridge, Brett Erlich
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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