Samsung Galaxy S7, S7 Edge get a price cut of Rs 5,000 each Samsung has slashed the prices of its flagship smartphones - Galaxy S7 and S7 Edge, in India. Samsung to recall Galaxy Note 7 smartphones globally post explosion claims Samsung will issue a global recall of the Galaxy Note 7 smartphone as soon as this weekend after its investigation on explosion claims found batteries were at fault, according to South Korea's Yonhap News. The company had said it had sold 2.5 million Galaxy Note 7s that need to be replaced.Nomura said it had cut its forecast for Samsung's third-quarter mobile operating profit by 900 billion won to 3.1 trillion won in the wake of the Note 7 recall. "Even if Samsung puts Note 7s with new batteries in the market it won't sell as well as it had initially," HMC Investment analyst Greg Roh said. "Long-term, it will cost Samsung significant marketing spending to ensure the next products can overcome this issue.

Source: Times of India September 12, 2016 10:52 UTC