The $5.3 billion is just the tip of the iceberg....its nothing compared to the tarnished reputation its received from this.
Also doesn't include lost sales. The Note 7 would have easily sold 20 million units over the next 9 months. That's $16 billion (give or take) of lost revenue. And since the Note 7 is a high margin device, that also equates to billions in actual profit.
Not only that it doesn't take into account of all the Lawsuits that are going to happen.
This $5.3B crying their loss is looking for public sympathy. It can't be that much other than Samsung wants to tell investor something worse and later come out with bit good news in earning call. All marketing gimmicks.Alligator's tears.
...Like the successful movie studios that never, ever have a hit production, they're probably attaching every possible expense to the Note 7. And the SK government will allow it because they want their prized behemoth to survive.
That's it -- SS will act like nothing significant happened. Act as though the SS Brand is fine... lookie-here at the new Note 8 or some sh*t.
Even when Samsung Mobile's profits were off over 65% a few years ago -- Nothing significant happened... etc.
I do not believe this number, I think Samsung is jacking up the number. They are trying to send a signal to the market that demand for the galaxy 7 is higher than reality. I also believe the rolling up other costs and loses they have and using the opportunity to expense them all at the same time so it does not look bad they have other issues. I have seen companies do this exact thing in the past.
Hmm, just the fact that they have to purchase and ship (with postage paid both ways) fireproof gloves and fireproof packaging to those who bought Note 7s directly from Samdung adds a pretty penny to the cost they have to pay!!
I do not believe this number, I think Samsung is jacking up the number. They are trying to send a signal to the market that demand for the galaxy 7 is higher than reality. I also believe the rolling up other costs and loses they have and using the opportunity to expense them all at the same time so it does not look bad they have other issues. I have seen companies do this exact thing in the past.
Hmm, just the fact that they have to purchase and ship (with postage paid both ways) fireproof gloves and fireproof packaging to those who bought Note 7s directly from Samdung adds a pretty penny to the cost they have to pay!!
Come-on. Shipment with box/gloves doesn't add significant to 5.3B. As someone commented, when bad thing happens in corporate world, they roll all bad news and expenses into one disaster/fiasco. Afterward, it looks like the slate is clean, Life goes on.People have short term memory.
Where's pics of the "Galaxy Note 7 landfill"? That's what's so devastating, in my mind.... one-month old devices, tossed away. I hope Samsung is doing the right thing and recycling every part of them.
Don't forget the permanent hit to their brand. Don't buy a Samsung, they cut corners on safety to rush products to market. Only a fool would trust Samsung again. If you want an Android phone there are many options besides this bum outfit.
I like the fact that Apple is not publicly gloating the way Samsung would if the shoe were on the other foot. Sammy would feature exploding iPhones in their ads. Apple is showing real corporate class by just keeping on keeping on. Not that Samsung will learn anything from Apple's example.
She's good. Considering the Clintons have been living in the political gutters for decades I can't believe she was able to pull that "lecture" off with a straight face.
Don't forget the permanent hit to their brand. Don't buy a Samsung, they cut corners on safety to rush products to market. Only a fool would trust Samsung again. If you want an Android phone there are many options besides this bum outfit.
Like what?
LG is if anything worse than Samsung on a reliability thing. Samsung may not be perfect but I think we're giving too much credit to the build quality of "cheap" Android phones.
There's been two times where Apple has produced a phone product that worked well, but then something creeped in (eg antenna attenuation in the iPhone 4, Touch disease in the 6), neither of these would have been caught in production, and neither are going to potentially kill someone.
But I think the race for "lighter, thinner" needs to stop. This experience for Samsung tells us that it's way too dangerous to pack in batteries in thin phones because there is not enough thermal expansion space to use the device safely. It doesn't matter at this point if the battery was at fault or customers just abusing their phones and "fragments" of metal (like in the Sony batteries) are puncturing the cells of the battery.
Where's pics of the "Galaxy Note 7 landfill"? That's what's so devastating, in my mind.... one-month old devices, tossed away. I hope Samsung is doing the right thing and recycling every part of them.
Recycling, and the strain on that system of these sorts of numbers, has been reported. Plus it's illegal in the U. S. to landfill those devices. And iirc they're being sent to a U. S. destination (Texas?)
Where's pics of the "Galaxy Note 7 landfill"? That's what's so devastating, in my mind.... one-month old devices, tossed away. I hope Samsung is doing the right thing and recycling every part of them.
The $5.3 billion is just the tip of the iceberg....its nothing compared to the tarnished reputation its received from this.
Also doesn't include lost sales. The Note 7 would have easily sold 20 million units over the next 9 months. That's $16 billion (give or take) of lost revenue. And since the Note 7 is a high margin device, that also equates to billions in actual profit.
Also not included is the R&D costs incurred while designing the thing.
I do not believe this number, I think Samsung is jacking up the number. They are trying to send a signal to the market that demand for the galaxy 7 is higher than reality. I also believe the rolling up other costs and loses they have and using the opportunity to expense them all at the same time so it does not look bad they have other issues. I have seen companies do this exact thing in the past.
Hmm, just the fact that they have to purchase and ship (with postage paid both ways) fireproof gloves and fireproof packaging to those who bought Note 7s directly from Samdung adds a pretty penny to the cost they have to pay!!
Just a tiny correction (not that anyone cares)...the gloves are to protect people's hands from the fibreglass inside the box which can cause skin problems with some people. They're not provided in case the phone suddenly catches fire while they are handling it. Although, it's far funnier to assume that's what they're for! lol
Comments
Even when Samsung Mobile's profits were off over 65% a few years ago -- Nothing significant happened... etc.
She's good. Considering the Clintons have been living in the political gutters for decades I can't believe she was able to pull that "lecture" off with a straight face.
LG is if anything worse than Samsung on a reliability thing. Samsung may not be perfect but I think we're giving too much credit to the build quality of "cheap" Android phones.
There's been two times where Apple has produced a phone product that worked well, but then something creeped in (eg antenna attenuation in the iPhone 4, Touch disease in the 6), neither of these would have been caught in production, and neither are going to potentially kill someone.
But I think the race for "lighter, thinner" needs to stop. This experience for Samsung tells us that it's way too dangerous to pack in batteries in thin phones because there is not enough thermal expansion space to use the device safely. It doesn't matter at this point if the battery was at fault or customers just abusing their phones and "fragments" of metal (like in the Sony batteries) are puncturing the cells of the battery.
2: add useless features
2: rush products to market
3: disregard customer safety
4: blame the battery supplier
5: swap exploding phones with more exploding phones
US Bans Samsung Galaxy Note 7 Phones From Planes http://www.nbcbayarea.com/news/tech/Samsung-Galaxy-Note-7-Phones-Banned-US-Air-Travel-397128291.html