patrick.net

http://www.nytimes.com/2016/10/12/business/international/samsung-galaxy-note7-terminated.html?_r=0

The damage has been severe. Even before Samsung announced it was ceasing production of the Galaxy Note 7, its South Korea-traded shares fell more than 8 percent, its biggest daily drop since 2008, knocking $17 billion off the company’s market value. Strategy Analytics, a research firm, had estimated earlier that Samsung could lose more than $10 billion because of the phone’s problems. Samsung’s smartphone business has helped its other divisions by buying their computer chips and panel screens.