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Samsung SDI shares plunge on Galaxy Note 7 battery woes

The company said it has not received any information from its official channels or test labs to suggest that the batteries it supplies for the Galaxy Note 7 were malfunctioning.

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The decision comes on the heels of reports in South Korean media that at least two Galaxy Note 7 owners said their batteries exploded while their phones charged. Over the past several days we’ve seen multiple reports of user devices exploding while charging, so Samsung is suspending shipments as a safety concern for its customers.

One of the reports on an exploding Galaxy Note 7 involved a user who posted pictures on Chinese forum Baidu showing a destroyed Galaxy Note 7.

Using third-party USB Type-C cables to charge the Galaxy Note 7 could definitely be causing the explosions, but Samsung understandably is not taking any risks and has chose to test the smartphone anew.

The Samsung Galaxy Note 7 includes a stunning dual curved Super AMOLED 5.7 inch Quad HD display, which is credited as being the best ever found on any smartphone.

Today, however, it looks as though a wide-scale recall may actual be coming for the Galaxy Note 7 smartphones that have already been delivered to retailers or are already in the hands of customers.

A photo revealed by the woman (Aug. 24) displayed a severely damaged phablet, with the phone showing signs of an explosion on the left side, the back unrecognizably melted, and the screen yellowed and partially burned black. We should receive confirmation from Samsung regarding the causes of the explosion soon.

The smartphones are among the most expensive released by Samsung.

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Samsung did not comment on what problem it was trying to address or whether other markets were affected besides South Korea. Samsung SDI, Samsung Electronics, and Samsung-Mechanics closed 6.06%, 2.4% and 2.26% below the previous day following the news.

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