Samsung takes hit

Samsung has halted production of its troubled Samsung Galaxy Note7.

Samsung has halted production of its troubled Samsung Galaxy Note7.

SAMSUNG this week announced its ­revised quarterly earnings ­following a second recall notice and the halt in production of its ­troubled Samsung Galaxy Note7.

After recent incidents, including reports of the device catching fire, and in consideration of its consumers’ safety, Samsung Electronics stopped sales, exchanges and production of the Galaxy Note7.

It followed an earlier announcement on September 27 by the Korean­-based electronics maker of a global replacement program for the Galaxy Note7 due to an isolated battery cell issue.

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