Samsung's Note 7 Discontinuation Poised to Cost Company $2.3 Billion

[macduke]

It's going to cost them a lot more in lost sales in the coming years. Who would want to buy a Samsung phone when they had to send two back because Samsung couldn't prevent them from exploding and catching on fire? People aren't going to forget the time they were on a plane and were warned about the Samsung phones because they will kill everyone. That doesn't go away that quickly.

I'm sure Apple has better quality control, but I hope they're paying attention to how something like this can spiral out of control and wreck a brand. Considering what's at stake, it would do them well to go over all of their testing policies, procedures, and testing equipment several more times to make sure everything is good. Maybe even hire more QC people. Billions are at stake, so what does it hurt to spend a few more million just to make triple or quadruple sure?

 

[producer26]

Don't return them to samsung.ISIS needs em

 

[44267547]

With the loss of around 325,000 jobs. You're a lovely gentleman.

And who's fault might that be? Certainly not the Company who put hundreds of thousands of customers safety at risk? That number seems greater 325,000 jobs. There should be casualties for this disaster.

 

[sinsin07]

Sounds like I really hit a nerve. If a random stranger can upset you this much, then I truly am sorry.

There is no evidences of this claim.
In fact, from your previous post telling another poster "Don't be stupid" it appears you are the one with a tweaked nerve.
Nice try at deflection, however it failed, just like the Note 7.

 

[Mildredop]

And who's fault might that be? Certainly not the Company who put hundreds of thousands of customers safety at risk? That number seems greater 325,000 jobs. There should be casualties for this disaster.

And 325,000 innocent workers should be the casualties?

Keep some perspective - Samsung executives didn't sit around a boardroom table and actually plan to bring potentially dangerous phones to market. They messed-up, they 'fessed-up.

 

[44267547]

And 325,000 innocent workers should be the casualties?

Keep some perspective - Samsung executives didn't sit around a boardroom table and actually plan to bring potentially dangerous phones to market. They messed-up, they 'fessed-up.

And they should be held accountable for their mistakes. "Fessing up" doesn't fix the problem. And those corporate executives you mentioned. They're the ones that made the decision to axe the 325,000 employees. So maybe you should write them a letter and explain your reasoning behind it.

 

[Eggtastic]

A shame. Considering the Note 7 was beautiful and I almost got one because the 7 upgrade is not great. I certainly hope apple is holding out for a major redesign next year. I also hope that includes some design cues from the note 7 such as bezeless screen.

 

[sinsin07]

And 325,000 innocent workers should be the casualties?

Keep some perspective - Samsung executives didn't sit around a boardroom table and actually plan to bring potentially dangerous phones to market. They messed-up, they 'fessed-up.

Here's food for thought:
Samsung has no idea why the Note 7 keeps catching fire, NYT claims
Excerpt:
"Samsung also banned emails between testers, the NYT says, making it harder for engineers to communicate their theories or findings with each other about where the problems lay. The company reportedly feared legal action if written communications were to fall into the wrong hands, and told employees to keep their messages to each other offline. Samsung's corporate culture could also have contributed to the problem, and its delayed discovery — the NYT sources two former Samsung employees who say the company was "militaristic," with orders coming from seniors who may not understand the technology actually used in the company's products."

Based on this who knows what the boardroom actually did.
If this is true, more self inflicted pain.
If this is true it would appear they were more worried about legal action than finding the problem.
If this is true why would anyone trust this company again if they are more worried about legal action than Q&A?

 

[Statusnone88]

There is no evidences of this claim.
In fact, from your previous post telling another poster "Don't be stupid" it appears you are the one with a tweaked nerve.
Nice try at deflection, however it failed, just like the Note 7.

I'm pretty sure you have no idea what "deflection" means. Maybe try this one... projecting. You said something dumb, I called you out on it, and you felt insulted so you came at me with your insecurity. Now you're continuing to justify everything you say by throwing back my way in self defense.

It's cool. I'm actually enjoying it.

popcorn

 

[Mtmspa]

i don't think apple users would profit from this.
samsung is a very important player that helps pushing technology forward.

what would you gain if they had to close?
you don't have to buy their products.

My apple stock price going up is one. Plus personal satisfaction because I despise them. Apple doesn't make decisions based on Samsung.

 

[Douglas B]

How can any company get over 100% of the profits in the mobile phone industry?

The others make a loss, a negative percent.

 

[sinsin07]

Let’s start off with the meaning of deflection and projection.

Definition of deflection
1: a turning aside or off course

Definition of projecting
1: An unconscious self-defence mechanism characterised by a person unconsciously attributing their own issues onto someone or something else as a form of delusion and denial.

Now let’s look at what you said:

Sounds like I really hit a nerve. If a random stranger can upset you this much, then I truly am sorry.

The above would be an example of deflection. You strayed of the subject.
This may also be an exampling of projecting, as you have no statement from me to back this up.

I'm pretty sure you have no idea what "deflection" means.

I covered this for you,

Maybe try this one... projecting.

Covered this one too.
Instead of getting popcorn, you may want to crack open a dictionary.

You said something dumb, I called you out on it, and you felt insulted so you came at me with your insecurity. Now you're continuing to justify everything you say by throwing back my way in self defense.

I gave a counter opinion and some advice. This is a further example of projection.

Your use of the words stupid and dumb in your responses say you’re unable to express yourself clearly without derogatory adjectives.

Anyone looking at this can tell where the problems lies.

 

[69Mustang]

And who's fault might that be? Certainly not the Company who put hundreds of thousands of customers safety at risk? That number seems greater 325,000 jobs. There should be casualties for this disaster.

RP, my response is not about your quote per se. So please don't take it personally. Just using your quote as a jump off point since you tend to be rational (most of the time).

The sheer amount of complete lack of perspective and concern trolling in this thread is abysmal. Supposedly intelligent people spouting seriously dumb crap like that post from mtmspa - seriously wants to see a company close it's doors over a recall. That's asinine. Even more asinine there are multiple quotes in this thread providing "reasoning" why it's not such a bad idea.
There are thousands of products from hundreds of companies that get recalled every year. Some of those products caused actual death; not these silly ass concern trolling hypothetical issues, but actual death. You know who's actually killed someone? Ikea - Dresser. Jeep - Fuel Tank. Ryobi - Lawn mower. GM - Ignition switch. Ford - Rollover. Big Pharma - too many to mention. Besides killing someone, you know what all those companies have in common? Recalls. You know what else they have in common? No one stupidly saying close the company.

Samsung had a product recalled. Big whoop. People are letting their schadenfreude rule their cognitive thinking.
In case someone thinks I'm advocating for Samsung, don't. I'm advocating for common freaking sense.

/rant over

 

[blacktape242]

2.3 billion...BUT did you DIE?????

 

[sinsin07]

"Its not schadenfreude Sonny, its just the forums"

Michael Corleone
Godfather 1

 

[gnasher729]

A "mere" .3 trillion...

0.3 trillion won = $266 million. That's quite low. (In the past we had idiots comparing Samsung's and Apple's profit numbers and not realising that one number was South Korean won, and the other number US dollar. At 1,127 won per dollar).

 

[FFR]

You should follow your own advice.
Competition can continue even without Samsung.
Look at all the mobile device makers that have come and gone.
The game is still going on without them.

Since when was an exploding phone ever competition.

 

[ErikGrim]

Don't demonize the company because of a quality control mistake.

We don't demonise the company because of a quality control mistake. We demonise the company because they are a mafia family run counterfeiter who recklessly endanger their factory workers and their customers in their quest to one up Apple.

 

[44267547]

RP, my response is not about your quote per se. So please don't take it personally. Just using your quote as a jump off point since you tend to be rational (most of the time).

The sheer amount of complete lack of perspective and concern trolling in this thread is abysmal. Supposedly intelligent people spouting seriously dumb crap like that post from mtmspa - seriously wants to see a company close it's doors over a recall. That's asinine. Even more asinine there are multiple quotes in this thread providing "reasoning" why it's not such a bad idea.
There are thousands of products from hundreds of companies that get recalled every year. Some of those products caused actual death; not these silly ass concern trolling hypothetical issues, but actual death. You know who's actually killed someone? Ikea - Dresser. Jeep - Fuel Tank. Ryobi - Lawn mower. GM - Ignition switch. Ford - Rollover. Big Pharma - too many to mention. Besides killing someone, you know what all those companies have in common? Recalls. You know what else they have in common? No one stupidly saying close the company.

Samsung had a product recalled. Big whoop. People are letting their schadenfreude rule their cognitive thinking.
In case someone thinks I'm advocating for Samsung, don't. I'm advocating for common freaking sense.

/rant over

Excellent post by the way and It makes sense what your saying. And All I simply was implying was there has to be Samsung employee's/engineers held accountable for the Note fiasco. A company of this magnitude won't turn their shoulder on something like this. It will take months of investigating and restructuring to ensure a matter like this will not happen again.

I'm not boycotting for Samsung to close their doors or sell the company. Agreed that wouldn't solve the problem and it's Ludicrous. And hypothetically, let's Say Samsung did close, what would that say about one of the largest Electronic/Home appliance companies in the world? That their throwing in the towel? Bowing out? No way. Absolutely this is a permanent scar for Samsung, but consumers have deep pockets and will continue to support their product line.

As for the recall theory, a literal response would be in 2008/2009, I purchased a new Corolla. Shortly after, there was a recall for the accelerator pedal. Allegedly the pedal would stick when reaching certain speeds, causing the vehicle to increase in speed while the pedal was stuck. I don't believe anyone was killed, but the point is, millions of Customers still purchase Toyota today, even after Toyota was labeled "Unsafe" to drive in 2009.

The Macrumors community focuses on a bubbled world where they read strictly what's posted from the authors and other forum members. You think it would be reasonable to use other real world experiences besides Samsung, being its the most current and relevant issue in the electronic world.

You, @69Mustang do not need reassurance on Samsung's future, because you understand from a different level, but others apparently do not on this forum. Samsung will still be relevant for years to come and the world will continue to spin on its axis.

 

[kcamfork]

The others make a loss, a negative percent.

You can only have up to 100% profit. I'm sorry. Those are the rules, and the fact. Just because some other company loses money doesn't mean Apple makes more than 100% of the profits. Profits range from 0 to 100%. What you're saying is like saying you can literally (god, I hate that word) give 110%. No you can't.

 

[Analog Kid]

Doesn't that seem like a lot of paper for something that spontaneously combusts? Is the cardboard box with the white stuff on it really supposed to contain the problem?

That was admittedly a lot lower than I thought.

Guess sales of the Note 7 weren't as good as people made it out to be.

I'm guessing the profit number accounts for the fact that they're expecting sales of other devices to increase to offset. I also notice the drop in profit is more than the drop in revenue-- that must be accounting for the additional expense of handling the returns.
[doublepost=1476343979][/doublepost]

You can only have up to 100% profit. I'm sorry. Those are the rules, and the fact. Just because some other company loses money doesn't mean Apple makes more than 100% of the profits. Profits range from 0 to 100%. What you're saying is like saying you can literally (god, I hate that word) give 110%. No you can't.

If I earn $1000 dollars in profit, and you take $500 dollars in losses then our total industry profit is $500. My share of that is ($1000/$500)*100=200%

You can't give 110% of your maximum possible effort, but if you're a lazy sack I can give 110% of the effort you gave.

 

[lowendlinux]

There will be lawyers.

Many of them and they will make a lot of money.

 

[Douglas B]

You can only have up to 100% profit. I'm sorry. Those are the rules, and the fact. Just because some other company loses money doesn't mean Apple makes more than 100% of the profits. Profits range from 0 to 100%. What you're saying is like saying you can literally (god, I hate that word) give 110%. No you can't.

Let's say Samsung makes a loss of 10 mil and Apple makes a profit of 110 mil.

Total industry profit would be
-10
+110
=100

What would Apple's percent of total profit. 110 Apple / 100 total = ?
[doublepost=1476576193][/doublepost]110%

 

[rjohnstone]

Let's say Samsung makes a loss of 10 mil and Apple makes a profit of 110 mil.

Total industry profit would be
-10
+110
=100

What would Apple's percent of total profit. 110 Apple / 100 total = ?
[doublepost=1476576193][/doublepost]110%

Please take an accounting class and then get back to us.
One can have a greater than 100% profit growth, but "industry profits" are static in the sense that no one can have greater than 100% of a given industries profits.
Apple will never have 100% of the smartphone industry profits.
That would require every smartphone manufacturer in the world to stop making phones. (i.e., no competition)

 

[kdarling]

One can have a greater than 100% profit growth, but "industry profits" are static in the sense that no one can have greater than 100% of a given industries profits.
Apple will never have 100% of the smartphone industry profits.

This.

If the total of profits was $100B, then Apple did NOT make more than 100% of that. It's not possible. And as long as anyone made a profit, Apple certainly did not make 100% either.

Some idiot reporter or analyst started using this whole ridiculous method of misusing percentages a few years ago, and others grabbed onto it because it sounded cool and made Apple sound better.

It's just a really dumb way to present the data, because the output doesn't mean anything in the real world.

It'd be much more correct and useful to give profit and loss percentages separately.