ICT News South Africa

Samsung to sell off refurbished Galaxy Note 7s

SEOUL, South Korea: The world's biggest smartphone maker Samsung will next week start reselling refurbished Galaxy Note 7 devices after a humiliating recall over exploding batteries last year, news reports said earier this week.
Samsung to sell off refurbished Galaxy Note 7s

Samsung Electronics declined to comment on the reports.

The recall debacle cost the Korean giant billions of dollars in lost profits and hammered its global credibility. Around three million Galaxy Note 7 devices were returned to the firm, but campaign groups including Greenpeace expressed concern that discarding them could harm the environment.

Galaxy Note Fandom Edition

Citing industry sources, South Korea's Yonhap news agency and other news reports said Samsung would start selling refurbished devices with new batteries and updated software under the name Galaxy Note Fandom Edition (FE).

They will be priced below 700,000 won ($616) and sales are slated to start on 7 July 2017, Yonhap said.

The recall was deeply embarrassing for Samsung but it has just launched a new flagship device, the Galaxy S8, to positive reviews and strong orders.

In April it posted its biggest quarterly net profit for more than three years, although it has come under pressure on wider fronts.

Lee Jae-Yong, the Samsung group vice-chairman and heir to its leadership, is on trial for bribery in connection with the sprawling corruption scandal that brought down former South Korean president Park Geun-Hye.

Supposed bribes

Jae-Yong is accused of bribing Geun-Hye and her secret confidante Choi Soon-Sil with millions of dollars to seek government favours.

He has effectively been at the helm of the group since his father suffered a heart attack in 2014.

His indictment in February sent shockwaves through the firm and triggered the announcement of a major reform of its top-down management style.

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz