According to Lopez (2017), Samsung had to recall the first version of Samsung Galaxy Note 7
due to faulty batteries that overheated and exploded. In October, it recalled 2 million units and
eventually discontinued the product, costing Samsung a total of $5.3 billion.
Reference: Lopez, M. (2017, January 22). Samsung Explains Note 7 Battery Explosions, And
Turns Crisis Into Opportunity. Forbes.
https://www.forbes.com/sites/maribellopez/2017/01/22/samsung-reveals-cause-of-note-7-issue-tu
rns-crisis-into-opportunity/
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