A day after Samsung stopped production of the Galaxy Note 7, the South Korean Company has stopped global sales of the smartphone after many have overheated and burst into flames.
On Tuesday, Samsung released the following statement:
We are working with relevant regulatory bodies to investigate the recently reported cases involving the Galaxy Note7. Because consumers’ safety remains our top priority, Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note7 while the investigation is taking place.
We remain committed to working diligently with appropriate regulatory authorities to take all necessary steps to resolve the situation. Consumers with either an original Galaxy Note7 or replacement Galaxy Note7 device should power down and stop using the device and take advantage of the remedies available.
According to analysts at Credit Suisse, Samsung getting rid of the Note 7 will cost the company $17 billion from lost sales of 19 million cell phones.
Pictures and reports of Samsung Smartphones that have overheated and burst into flames can be seen below:
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