Galaxy Note7's death may mean $17 billion in lost sales for Samsung

Aside from the literal holes it's been capable of burning in its owners' pockets, the now-canceled Galaxy Note7 may also end up burning a figurative $17 billion hole in its maker's accounts. Some analysts estimate that the whole exploding phone debacle will translate into lost sales of up to 19 million units over what could have been the life cycle of the Note7. That apparently amounts to around $17 billion of money that Samsung won't get. After the first recall of the Note7 started in early September, the estimate for lost sales (combined with the cost of the recall itself) only reached...



Source: http://www.gsmarena.com/galaxy_note7s_death_may_mean_17_billion_in_lost_sales_for_samsung-news-21003.php

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