South Korean publications related recently that Samsung Electronics is considering refurbishing the discontinued Galaxy Note 7 with a new battery in a move to minimize losses and sell the smartphones to Vietnam or India, starting with July.
The subsidiary from India, quickly refuted the report, saying that there are no such plans in the company. “The report on Samsung planning to sell refurbished Galaxy Note 7 smartphone[s] in India is incorrect,” said a Samsung India spokesperson.
Industry sources say Samsung could reduce losses from the Note fallout through refurbished phone sales. The company suffered more than 3 trillion won (US$2.6 billion) losses through the recall program alone. Considering the phone’s original sales target of 20 million units, the total losses are estimated at about 7 trillion won (US$6 billion).