Galaxy Note 7 Second Recall Causes Samsung to Slow Down Future Projects

Samsung’s currently conducting a massive operation for retrieving all Galaxy Note 7 smartphones from their owners. In the US, the company must retrieve 1.9 million units, but the number of all Note 7 phones sold worldwide wasn’t disclosed.

A report by Business Korea shows that Samsung’s future projects could be slowed down because of the Note 7 situation. Samsung Electronics is currently conducting multiple projects in various fields, such as iris recognition, finance, security, cloud and electric cars.

The Galaxy Note 7 fiasco impacts the company’s financial stability and brand image. Moreover, its suppliers are also affected, especially the battery maker since the problem in replacement Note 7...