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Are you one of the Samsung note 7 owners or buyers? After so many untoward incidents and many months of online discussion and other consumers plead of recall of to Samsung company, finally the company had announced of recalled of all units.

As of October 11, 2016. The Samsung company had finally made a decision to recall all the Samsung note 7 flagships around the world. The recall was been done after a series of reports of an explosion and catching fire incidents. All buyers can choose what they want, its either they can choose other unit or withdraw the money.

 "(We) have decided to halt production and sales of the Galaxy Note 7 in order to consider our consumers' safety first and foremost," the South Korean firm said in a filing to the Seoul stock exchange.

"This is the first time that I have seen a product recall go this badly wrong," financial analyst Richard Windsor said in a note to clients. “When it comes to the damage that it will do to Samsung’s brand, we are in uncharted territory”.

With the decision of the Samsung company to withdraw the model, many analysts had said that Samsung's decision to pull Note 7s off the shelves not only raises fresh doubts about the firm's quality control but could result in huge financial and reputational costs.

And aside from the reputation of the company, the permanent end to Note 7 sales could cost Samsung up to $17 billion and tarnish its other phone products in the minds of consumers and carriers.
Another impact after the withdraw of products was, Investors wiped nearly $20 billion off Samsung Electronics' market value on Tuesday as its shares closed down 8 percent, their biggest daily percentage decline since 2008.

Samsung company was  world's top maker of smartphones had nearly twice the global market share of Apple at mid-year, having shipped 77.6 million phones in the second quarter alone, said Neil Mawston, an analyst at research firm Strategy Analytics.


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