Samsung Has Lost A Staggering $26Billion In Market Value Since The Note 7 Recall

Discussion in 'Android News' started by DroidModderX, Sep 13, 2016.

  1. DroidModderX

    DroidModderX Super Moderator
    Staff Member Premium Member

    Joined:
    Oct 6, 2011
    Messages:
    5,627
    Likes Received:
    2,102
    Trophy Points:
    478
    Ratings:
    +2,221
    [​IMG]

    If there were ever a good time to buy Samsung stock right now may be that time. Samsung has lost a staggering $26Billion in market value since the announcement of the Note 7 recall. The stock value since September 9th has plummeted almost 7%. The current price is right at $1300 per share which is the lowest its been in months. The recall of 2.5million devices may have put investors on edge causing them to fear the future of Samsung. Hopefully Samsung will be able to save face with a quicker than normal announcement of the Galaxy S8.

    Is it too late for Samsung. Has the public image of this company been tarnished beyond repair? Will Samsung be forever known as the company that sells exploding phones? I for one believe and hope that Samsung will be able to bounce back from all of this. I think as soon as users get V2.0 Note 7 devices in hand this will all be a distant memory.

    via Engadget
     
    • Like Like x 1
  2. FoxKat

    FoxKat Premium Member
    Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    14,806
    Likes Received:
    4,751
    Trophy Points:
    838
    Location:
    Pennsylvania
    Ratings:
    +5,290
    Current Phone Model:
    Droid Turbo 2 & Galaxy S7
    Samsung isn't going away IMHO, but this is a very serious problem and the full extent of the damage is yet to come. There is an ongoing investigation and the results may not be available for weeks or even months to come.

    What they do have going for them is how quickly they took the high road and issued the recall. How it plays out and how well it's orchestrated will go a long way to the future of the company and public opinion.

    There are going to be lawsuits and they could go on for years so it's going to be a long road. I hope they settle them quickly and don't fight obvious issues. Cut the losses and move on.

    Sent from my XT1585 using Tapatalk
     
    #2 FoxKat, Sep 13, 2016
    Last edited: Sep 13, 2016
    • Like Like x 3
    • Agree Agree x 2
  3. Efin

    Efin Diamond Member

    Joined:
    Apr 19, 2014
    Messages:
    5,714
    Likes Received:
    3,415
    Trophy Points:
    1,563
    Ratings:
    +3,652
    I agree with Fox and this is by far the best Samsung phone I've ever used, so the battery is possibly flawed, the phone itself is awesome.

    Sent from my SM-N930V using Tapatalk
     
    • Like Like x 4
    • Agree Agree x 1
  4. juggjiggler69

    juggjiggler69 Senior Member

    Joined:
    Dec 17, 2011
    Messages:
    218
    Likes Received:
    163
    Trophy Points:
    83
    Ratings:
    +171
    They will not be going anywhere they will get things taken care of and possibly come out with a phone next year that will be like no other on the market that everyone will want like perhaps one of those retractable screens that turns into a phone or tablet (hell take my money now)

    Sent from my SM-N930V using Tapatalk
     
    • Like Like x 2
  5. FoxKat

    FoxKat Premium Member
    Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    14,806
    Likes Received:
    4,751
    Trophy Points:
    838
    Location:
    Pennsylvania
    Ratings:
    +5,290
    Current Phone Model:
    Droid Turbo 2 & Galaxy S7
    Hehe, yeah! There's no disputing they are THE innovator in Android. Others hare made some incredible advancements but Samsung has been most consistent.

    Sent from my XT1585 using Tapatalk
     
    • Like Like x 1
  6. juggjiggler69

    juggjiggler69 Senior Member

    Joined:
    Dec 17, 2011
    Messages:
    218
    Likes Received:
    163
    Trophy Points:
    83
    Ratings:
    +171
    Its like everybody acts like no other phone manufacturing company has ever had issues with there phones,man i could only imagine if apple had the issue i bet it would not be such a big deal but god for bid if sammy screws up its like the world is ending and i can bet that some of the ones that exploded were from people leaving them plugged in on purpose just to get money from sammy

    Sent from my SM-N930V using Tapatalk
     
    • Like Like x 1
  7. Vepaot

    Vepaot Silver Member

    Joined:
    Jan 9, 2012
    Messages:
    528
    Likes Received:
    189
    Trophy Points:
    158
    Location:
    KCMO
    Ratings:
    +258
    Current Phone Model:
    LG G5 (LS992)
    I wish it would tank Samsung, but it won't. Outside of the tech industry, you aren't hearing about this issue at all. I saw one thing on the news a week ago about it, and have heard absolutely nothing on any other social media platforms I use unless it's a place like DroidForums, Android Central, XDA, etc. So near as I can tell, the biggest chunks of the population are blissfully unaware that anything is even going wrong. I'm even willing to bet that the vast majority of Samsung owners have no idea what's going on and when they do get the recall, will probably risk holding onto their device until it gets a brick command from the manufacturer.

    It'll be interesting to see how this all pans out.
     
  8. Mustang02

    Mustang02 Diamond Member

    Joined:
    Aug 8, 2010
    Messages:
    7,625
    Likes Received:
    5,115
    Trophy Points:
    1,563
    Location:
    Ohio
    Ratings:
    +6,073
    Current Phone Model:
    Nexus 6P/5X
    I wish I could get in on that but $1300 for one share hurts.

    Others are starting to hear about the note 7s issues. I overheard a conversation last night when my friend pulled out his galaxy s6, he was asked if that was the exploding note 7.

    Sent from my Nexus 6P using Tapatalk
     
  9. RETG

    RETG Active Member

    Joined:
    Jul 8, 2010
    Messages:
    613
    Likes Received:
    80
    Trophy Points:
    28
    Location:
    West of the Rockies, East of the Pacific
    Ratings:
    +95
    • Like Like x 1
  10. akhenax

    akhenax Silver Member

    Joined:
    Jul 13, 2010
    Messages:
    1,698
    Likes Received:
    376
    Trophy Points:
    113
    Location:
    NY
    Ratings:
    +500
    If only Samsung used Tizen instead on their phones, then none of this would have happened. They would have sold about 100 Note 7's, so it would have been a non issue. ;)
     
  11. New2u

    New2u Super Moderator

    Joined:
    Oct 25, 2009
    Messages:
    3,724
    Likes Received:
    69
    Trophy Points:
    163
    Location:
    Tallahassee, Fl
    Ratings:
    +83
    I also heard about this on the nightly news either last night or the night before. They did a piece on the exploding phones, and that people are urged to return their phones and get a replacement. They also went over the fact that the FAA just about banned them on all flights. I still think an email, standard mail and phone call to all people who have this phone would be in order at this point.

    I don't see this being the downfall of a company like Samsung. They still have the S7, S7 Edge and Note 5 which are all amazing phones. Luckily all of Samsung's eggs are not in one basket. If this were to happen to Apple, I could see a bigger impact and shareholder questioning because almost all of Apple's money is associated with the iPhones, which means when anything goes wrong it will have a higher impact on shareholders. But I don't think even something like this would break Apple either, just that it would have a higher impact.
     
    • Like Like x 2
  12. tech_head

    tech_head Silver Member

    Joined:
    Nov 6, 2010
    Messages:
    651
    Likes Received:
    199
    Trophy Points:
    143
    Location:
    Western Hemisphere
    Ratings:
    +280
    Sounds like a buy opportunity.
    "Buy when everyone else is selling and sell when everyone else is buying." -> Warren Buffet
     
    • Like Like x 2
Search tags for this page

samsung rebuild image

,

sumgsong galaxy

,

sumgsong stock price is