The market value of tech giant Samsung has literally gone up in smoke, after the launch of its new flagship product, the Galaxy Note 7, became marred with worldwide reports of exploding batteries.
So far, Samsung’s market value has lost a whopping $14bn, amidst ongoing safety warnings for users to stop using their devices as the batteries may burn up.
The South Korean company recently announced an exchange programme for customers who may already have purchased a Galaxy Note 7 unit.