We previously heard that the Samsung Galaxy Note 7 recall was expected to cost Samsung around $1 billion, although recent reports have suggested that the cost could be closed to $1.8 billion.
Samsung had recalled the original Galaxy Note 7 last month and since then has replaced many of these handsets with a new one, although some of the new handsets have also caught on fire.
Samsung recently issued a statement saying that it was halting the sale and the exchange of the Galaxy Note 7 until it investigates the latest issue, it is now offering people a full refund or an exchange for a Galaxy S7 or S7 Edge.
According to a recent report from Reuters, the Galaxy Note 7 could end up costing Samsung close to $17 billion in lost revenue if Samsung has to stop selling the device. Samsung would have sold around 19 million units of the device and it it cancels the device that is a massive amount of lost revenye.
Whether Samsung will cancel the Galaxy Note 7 for good remains to be seen, lets hope that the company can get their problems with the device sorted, whether people will still want one is another matter.
Source Reuters
