FIRST AIRED: September 1, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Exploding phablet reports force Samsung delays

Opening sequence

Opening sequence

Business

Exploding phablet reports force Samsung delays

0:00
16:43
More Info

COMING UP:Exploding phablet reports force Samsung delays

×

Transcript

00:00:02
>> Exploding batteries, shipping delays, and shares at a two week low. This wasn't how Samsung wanted to ride out the second half of the year. The company had been cresting a wave of solid smartphone sales. Profits up 60% as the Galaxy S7 flew off the shelves, after production problems torpedoed the launch of the previous model a year earlier.
00:00:23
Now though it seems similar issues are back to haunt the company, with reports that batteries in the new Galaxy Note 7 phone tablet are blowing up. Samsung says it needs to run further tests. Forcing it halt Note7 shipments to South Korea's top three mobile carriers on Thursday, a big blow for a product where demand was outstripping supply by far.
00:00:43
It's all coming at the worst possible time for Samsung. It's number one rival, Apple is expected to unveil the new iPhone next week and the Note 7 was meant to be Samsung's main buffer against that momentum. If the South Korean company can't work out how to keep it's main contender in the ring, then it could find itself once again, on the ropes for a disappointing autumn.