Connect with us

Published

on

Samsung halt sales & production of the Galaxy Note 7 over explosion issues

Samsung halt sales & production of the Galaxy Note 7 over explosion issues

Tech giant Samsung has killed off the Galaxy Note 7 in the hope of limiting the fallout from its exploding smartphone fiasco.

The South Korean firm decided Tuesday to permanently halt sales and production of the Galaxy Note 7 just hours after telling customers to stop using all versions of the smartphone. Its stock plummeted 8% in Seoul, wiping about $17 billion off the company’s market value.

The high-end phone was supposed to do battle with Apple‘s (AAPL, Tech30) iPhone 7, but instead ended up doing serious damage to Samsung’s reputation.

Analysts say Samsung‘s (SSNLF) move to ditch the Note 7 entirely would be costly — it could put a $9.5 billion dent in sales and erase $5 billion in profits, according to one estimate. But the risk of prolonging the agony was worse.

“It’s a painful move but perhaps not an entirely bad one in the grand scheme of things, as it helps isolate and contain the bad perception to that specific product rather than spreading fear that all Samsung phones might explode,” said Bryan Ma, vice president of device research at IDC.

About verGr24.com Latest Celebrity news, Entertainment News Today | Est. 2016 Catch all the Juicy News Headlines on www.verge24.com Follow us Twitter: @TheVerge24 Facebook: @Verge24 Instagram: @Verge24 Email Us: hello@verge24.com

Celebrity News

Zambia Deports Zodwa Wabantu for not Putting on Her Panties

Published

on

Zambia Deports Zodwa Wabantu for not Putting on Her Panties

Zambia Deports Zodwa Wabantu for not Putting on Her Panties

Zambian immigration authorities on Saturday deported soutry South African dancer Zodwa Wabantu.

The popular erotic dancer was deported because she dances without underwear, the dancer’s promoter said.

Zodwa was billed to perform at an album launch later on Saturday evening, but was sent back when she landed in the morning at the Kenneth Kaunda international airport.

“I can confirm that Zodwa has been deported back to South Africa by the immigration department,” her promoter Lucky Munakampe told AFP, adding no reasons were given for her deportation.

Immigration department officials were not reachable on their phones for comment.

Zambia Deports Zodwa Wabantu for not Putting on Her Panties

Zambia’s religious affairs minister Godfridah Sumaili told AFP last week that Zodwa would not be allowed to perform in the country.

“Zambia is a Christian nation where morality and ethics have to be followed. We don’t expect a woman to dance without underwear,” Sumaili said.

Zambia is a largely conservative country where the majority of people practice Christianity.

Last year the censorship board in neighbouring Zimbabwe barred Wabantu from performing at an annual carnival after a protest by a local actress.

Following a backlash, censorship authorities later backtracked and allowed Wabantu to perform at a private venue, but she refused to go saying she was afraid.

Continue Reading

Celebrity News

Olamide proposes to his Baby Mama on her Birthday

Published

on

Olamide proposes to his Baby Mama on her Birthday

Olamide proposes to his Baby Mama on her Birthday

Indigenous rapper, Olamide, yesterday proposed to his baby mama on her birthday day and she said YES!

Adebukunmi Suleiman, is Olamide’s long time girlfriend of 8 years, and the mother of his 3 year old son, Batifèori Maximiliano Adedeji.

Science student is off the market.
Olamide proposes to his Baby Mama on her Birthday

Continue Reading

Featured

DJ Spinall & Wizkid – Nowo [Music Video]

Published

on

DJ Spinall & Wizkid – Nowo [Music Video]

DJ Spinall & Wizkid – Nowo [Music Video]

Celebrity disc jockey DJ Spinall let’s out the official music video to his latest offering entitled “Nowo” featuring Starboy Wizkid.

The video was directed by Director Q.

Enjoy!

DOWNLOAD DJ Spinall & Wizkid – Nowo [Audio]

Also Watch 👇

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Most Popular