Samsung Revamps Note 7, To Be Available Only In South Korea
Zacks Investment Research | Jul 09, 2017 09:25PM ET
Last week, South Korean tech giant, Samsung Electronics (KS:005930) (SSNLF), officially launched the revamped Galaxy Note 7, now known as Galaxy Note Fan Edition. The company has just 400,000 devices for sale, that too only in South Korea. Rollout of the edition in other countries hasn’t yet been finalized, per media reports.
Last year, Samsung found itself in troubled waters after the Galaxy Note 7 fiasco. The company had to make an embarrassing recall of its highly anticipated product following a battery issue that caused phones to combust while charging. Moreover, the arrest of the company chief, Jay Y. Lee, also created more wariness toward the brand. In Feb 2017, Lee was arrested for his alleged role in the political scandal that has rattled South Korea and led to the impeachment of President Park Geun-hye.
Galaxy Note Fan Edition is almost identical to Note 7. However, reportedly, it now has a slightly reduced battery capacity. Unlike Note 7, with a battery capacity of 3500 mAh, Note Fan has a battery capacity of 3200 mAh. Also, the Fan edition is reportedly priced cheaper than Galaxy Note 7, and carries a price tag of approximately $620. The Galaxy Note 7 was priced at $850.
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