Rumors about this matter are not new, but when they first appeared they sounded too risky and Samsung will not take the chances of releasing the Note 7 back into the wild. But it seems that the South Korean tech giant is actually taking this into consideration.
South Korean publications note that Samsung Electronics is considering refurbishing the discontinued Galaxy Note 7 with a new battery in a move to minimize losses from the phone’s unprecedented recall last year. The plans reveal that refurbished phones will be delivered as early as in June.
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).