South Korean company Samsung Electronics on Monday lost $14 billion on markets sentiments that losses of the company because of smartphones Galaxy Note 7 reviews will be more serious than expected. Last week, the US Federal Aviation Administration has banned useage of Galaxy Note 7 smartphone on board the aircraft, as there is a danger of ignition the smartphone while recharging.
On Friday's trading Samsung stocks decreased by 3.9%, and today their cost fell by 6.6%. So, in two days the company lost more than $22 billion. Many Australian companies have prohibited usage of Samsung products on the board, including Jetstar, Qantas Airways, Tiger Airways, Virgin Australia. According to the Financial Times, representatives of Samsung Electonics urged Galaxy Note 7 owners to stop using their devices and bring them into service centers for replacement. In the first week of September, the corporation announced a large-scale recall of the broken smartphones. Until now it is coming rumors of new cases of Galaxy Note 7 battery ignition.
"Now we are talking not only about the company's expenses due to global reviews of smartphones, but also about the missed opportunities", - believe experts. Samsung has managed to release for sale more than 2.5 million devices, before the withdrawal of goods. New devices with updated battery will go on sale only September 19.
Last week, Apple introduced its new product - iPhone 7 and 7 Plus. It is equipped with a powerful battery and a bright screen. As well as the latest processors with increased capacity and improved protection against water and dust.