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Message: <blockquote data-quote="deanXX" data-source="post: 20642022" data-attributes="member: 492830">Galaxy Note 7 recall could cost Samsung $1 billion How much will it cost to replace the 2.5 million Samsung Galaxy Note 7 handsets that are set to be recalled in response to a battery fire scare? A "heartbreaking amount", according to Samsung.While the company wouldn't reveal an exact figure, the cost likely stands at around $1 billion (roughly £750 million / AU$1.3 billion) based on estimates compiled by Bloomberg.That's a huge figure, especially when only around 35 of the handsets (less than 0.1% of the total volume sold) have been found faulty. But given that the faults have led phones to catch fire, it's arguably a necessary measure.The timing is bad too, with the iPhone 7 and iPhone 7 Plus launch just days away and Samsung now lacking a new handset to directly compete with them.<a href="http://www.techradar.com/news/phone-and-communications/mobile-phones/galaxy-note-7-recall-could-cost-samsung-1-billion-1327853?utm_content=buffer3ef6f&utm_medium=social&utm_source=facebook&utm_campaign=buffer-trfb" target="_blank">source</a></blockquote>

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