Samsung Galaxy Note 7 Officially Discontinued

Today  South Korean firm Samsung has officially ceased production of its top end device Galaxy Note 7 after concerns around the devices safety following reported issues of the handset catching fire.

This news will go down extremely well with the firms rivals Apple who have seen their share price rise by 2% today following the news of the Note 7 discontinuation.

At this stage it’s unclear as to what long term effects this will have on the Samsung brand as it’s now reported that the iPhone may sell millions more in the aftermath of the Note 7 issue.

Full story can be read at the following link; http://www.bbc.co.uk/news/business-37618618

 

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