Samsung's share price was hit hard due to the Galaxy Note 7 battery incident
Samsung's share price was hit hard due to the Galaxy Note 7 battery incident

Since the explosion of the Galaxy Note 7 mobile phone last week, the Galaxy Note 7 has experienced explosion, large-scale recall, aviation ban, and until now Samsung has forced remote logout and locked the Galaxy Note 7 with explosion potential. The battery problem of the Galaxy Note 7 does not seem to be as optimistic as we think.


On September 12, Beijing time, Samsung's share price plummeted 5.5% after the opening of the Seoul stock market. Since last week 5, Samsung's share price has fallen by nearly 10% in two days, and its market value has dropped by about $19 billion, which is the largest decline of Samsung's share price since 2012.

As one of the largest mobile phone manufacturers in the world, Samsung's flagship smartphone Galaxy Note series has attracted much attention every year. It coincides with Apple's official launch of iPhone 7/7 Plus last week, and now Galaxy Note 7 has suffered the negative impact of the battery incident, which will provide Apple with an excellent market opportunity.

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Mo Changyou
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