Photo: AFPSeoul/Singapore: Samsung Electronics Co.’s recall of millions of big-screen smartphones isn’t going to be cheap. As the market leader in Android-based smartphones, Samsung couldn’t risk any injury to its brand. While Samsung hasn’t said who supplied the Note 7’s batteries, the battery company will probably also bear some of the cost of the recall. Samsung SDI supplied 70% of the batteries to Samsung Electronics, which stopped ordering them, while Chinese battery maker Amperex Technology Ltd provided 30%, the Korea Economic Daily reported. Samsung Electronics gets about $600 of revenue and $108 of operating profit for every Note 7 it sells, Credit Suisse estimates.

Source: Mint September 05, 2016 03:33 UTC