The Korean Samsung announces its intention to “adjust the volumes of the production of its new flagship product, the Galaxy Note 7, after the cases of fires and explosions caused by defective batteries. More specifically, Samsung states that it has “amended” the production of the smartphone Galaxy Note 7 after that some large distributors have stopped adhering to the replacement of over 2.5 million specimens withdrawn from the market. Replacement devices, have complained about the american At&T and German T-Mobile, had the same defects, or a battery that, if charged, sometimes overheats up to explode. “We’re changing the production volumes”, says a note of the company, “we intend to improve the quality control and to allow investigation in depth on the recent cases of explosions of batteries”.
The press release has been sent after a news agency in south korea reported a temporary interruption of the production due to a discussion with the authorities for the protection of consumers of Seoul, Washington and Beijing.
Samsung improves profits despite the problems in the Notes 7
The impediments that have characterized the recall that began last September 2, that could cost up to $ 2 billion, have further worsened the image damage suffered by Samsung, after months in which the social networks were full of photos of the Galaxy Note 7 semicarbonizzati, veterans by the explosion of the battery. It is therefore destined to increase the pressure of the shareholders (in particular, the hedge fund american Elliott Management) in relation to the Lee family, at the center of a complicated generational transition, for a change of business model. The dynasty founder is also the subject of strong criticism for the complex intersections in the stock that allow you to control the company while holding formally only 5% of the capital.
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