Share: twitterTweet facebookShare

Samsung’s Note 7 Exploding Battery ‘Fix’: Limit Charging to 60%

Share: twitterTweet facebookShare

There have been estimates that Samsung could lose at least a billion dollars by rushing out the Note 7 – which triggered the battery issue causing the device to explode – but this appears to be bigger than that. The Note 7 recall has just wiped off $26 billion from Samsung’s market cap since it was announced, as noted by financial data provider Factset and cited by Engadget.


Samsung’s shares apparently dropped 6.9% between the Korean Exchange’s close on Friday and Monday, which caused the terrific drop in market cap.

Watch the Latest Apple Technology News Below

Meanwhile, the South Korean company is working on a way to fix the issue which triggered the massive recall. Samsung had shipped 2.5 million Note 7 handsets before the recall kicked off.

On top of the recall, Samsung will release a software update that will limit the battery charge to 60%, hoping to prevent further explosions. According to ZDNET, the OTA software update will arrive at 10:00 a.m. on September 20 in South Korea.

The manufacturer is already in talks with telcos from nine other countries – the first wave countries – to release a similar software update. This means the update might take a while until it will be pushed out to users.

Share: twitterTweet facebookShare