America’s top carriers said over the weekend that they would halt sales of the phone. Note 7 replacements have reportedly been catching fire. Now Samsung itself is halting production of the phone, according to both The Wall Street Journal and Reuters.
It would appear that Samsung is in the midst of a full-blown crisis that threatens not only the Galaxy brand name, but that of Samsung itself, FORBES contributor Ewan Spence writes.
Yet you wouldn’t think that much was amiss from looking Samsung’s share price.