Samsung opens door to re-selling Galaxy Note 7 as refurbished smartphones

Samsung has elaborate plans for Galaxy Note 7 smartphones including recycling materials and potentially letting customers use them as refurbished devices

Sam Kim
Updated28 Mar 2017, 09:39 AM IST
Samsung has collected 97% of its Galaxy Note 7 smartphones and issued a software code that blocks any device in circulation from being recharged at all. Photo: Reuters
Samsung has collected 97% of its Galaxy Note 7 smartphones and issued a software code that blocks any device in circulation from being recharged at all. Photo: Reuters

Seoul: Samsung Electronics Co. Ltd has detailed its plans for the millions of Galaxy Note 7 smartphones it pulled off shelves when some caught fire last year, including recycling materials and potentially letting customers use them as refurbished devices.

Samsung has collected 97% of its Galaxy Note 7 smartphones and issued a software code that blocks any device in circulation from being recharged at all. In the Korean version of its statement, Samsung said refurbished phones can be sold while the English one said the devices will be “considered to be used as refurbished phones or rental phones where applicable.”

After conducting a recall that failed to fix the battery issue that caused some Note 7s to overheat and catch fire, Samsung pulled the product and offered customers refunds or a replacement phone. The incident was a public relations challenge for the Suwon-based company and is estimated to cost it more than $6 billion.

“Regarding the Galaxy Note 7 devices as refurbished phones or rental phones, applicability is dependent upon consultations with regulatory authorities and carriers as well as due consideration of local demand,” Samsung said in Tuesday’s statement. “The markets and release dates will be determined accordingly.”

For Note 7 units destined for recycling, Samsung said it will remove components such as semiconductors and camera modules, and use them for testing of other products. Precious metals such as copper, nickel, gold and silver will be extracted from the phones in a environmentally responsible manner, the company said. Bloomberg

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:28 Mar 2017, 09:39 AM IST
Business NewsIndustryInfotechSamsung opens door to re-selling Galaxy Note 7 as refurbished smartphones

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    151.25
    03:59 PM | 6 SEP 2024
    -0.5 (-0.33%)

    State Bank Of India

    782.60
    03:55 PM | 6 SEP 2024
    -36 (-4.4%)

    Bharat Electronics

    283.65
    03:58 PM | 6 SEP 2024
    -6.95 (-2.39%)

    Indian Oil Corporation

    176.65
    03:56 PM | 6 SEP 2024
    -4.55 (-2.51%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Gujarat Fluorochemicals

    3,809.40
    03:41 PM | 6 SEP 2024
    282.65 (8.01%)

    Glenmark Life Sciences

    1,149.55
    03:55 PM | 6 SEP 2024
    56.05 (5.13%)

    SBI Cards & Payment Services

    800.40
    03:55 PM | 6 SEP 2024
    32.9 (4.29%)

    Sumitomo Chemical India

    537.50
    03:48 PM | 6 SEP 2024
    20.55 (3.98%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      73,744.000.00
      Chennai
      73,888.000.00
      Delhi
      73,528.000.00
      Kolkata
      73,025.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      HomeMarketsloanPremiumMint Shorts