Samsung shares plunge as sales of fire-hit galaxy note 7 halted


Press Association

Samsung has halted sales of its Galaxy Note 7 smartphone and urged owners to switch them off following reports that handsets issued as safe replacements during a recall had caught fire.

The Korean technology giant’s share price tumbled 7% in trading in Seoul on Tuesday, wiping billions of pounds off its value, as the future of the flagship handset was thrown into jeopardy.

The £740 smartphone was due to relaunch in the UK at the end of October after sales were delayed amid concerns that the mobiles were at risk of overheating or catching fire.

Samsung said it is "working with relevant regulatory bodies to investigate the recently reported cases involving the Galaxy Note 7"

Samsung said it is “working with relevant regulatory bodies to investigate the recently reported cases involving the Galaxy Note 7”

Samsung said it was confident it had overcome an issue with the devices’…



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