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Beleaguered Samsung blows it in rush to beat Apple iPhone 7 to market

“In its rush to beat rival products to market, notably Apple’s new iPhone, Samsung Electronics has accelerated new phone launch cycles, but its haste is raising concerns that it fell short on quality testing,” Se Young Lee reports for Reuters. “Since last year, the South Korean firm, the world’s largest maker of smartphones, has brought forward the launch of its Galaxy S and Galaxy Note series models by roughly a month.”

“On Friday, two weeks after launch, Samsung recalled Galaxy Note 7 smartphones in 10 markets including South Korea and the United States after finding its batteries were prone to ignite, and halted sales of the 988,900 won device in those markets indefinitely,” Lee reports. “The recall looks set to hamstring a revival in Samsung’s mobile business just as Apple gears up to launch its new iPhones this month.”

Lee reports, “The scale of the unprecedented recall, which some analysts forecast will cost Samsung nearly $5 billion in revenue this year, follows a separate supply-chain management issue that led to disappointing sales of the Galaxy S6 series last year.”

Read more in the full article here.

MacDailyNews Take: Haste makes waste, IP-thieving, trade dress-trampling dummies.

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