**Samsung’s Note 7 fiasco** is easily among the most expensive recalls in history. Even the recall of the $200 million Boeing 787 airliner doesn’t seem to be in the same league as the $850 Note 7 recall. So how big is the Note 7 recall? Let’s find out. Samsung announced the Note 7 in August 2016. The phone was great, reviewers loved it and it looked like Samsung had a winner on its hands. Then it started blowing up. 8: The percentage drop in Samsung’s share value following the Note 7 fiasco. This equates to $17 billion loss in market value. 9: The number of ‘safe’, replacement phones that blew up. So far. 13: The number of confirmed reports of burn injuries due to Samsung Note 7 fires. 26 cases were reported, but investigations have dismissed 13. $25: The bonus amount Samsung is handing out to customers who accept a refund on the Note 7. 36: The number of reported cases of burns as a result of Note 7 fires. 47: The number of confirmed reports of property damage because of Note 7 fires. 54: The number of days that the Note 7 survived in the market. 96: The number of reported phones that have issues with overheating. $100: The bonus amount Samsung is handing out to customers who want to purchase a Samsung phone after initiating a Note 7 refund. $850: Or Rs 56,000 in India. The cost of the Samsung Galaxy Note 7. 900,000: The number of replacement Note 7 smartphones that were shipped out after the first recall. These phones now have to be recalled and destroyed. 1,000,000: The number of phones with SDI batteries that were sold in the US and had to be recalled. 2.5 million: The number of devices sold worldwide by the time the first fires were reported. 19 million: The number of Galaxy Note 7 phones that Samsung expected to sell over the lifecycle of the Note 7. $2.2 billion: The drop in Samsung Mobile’s profit forecast $3.1 billion: Estimated cost of the recall $4.6 billion: Samsung Mobile’s revised profit following the recall $6.8 billion: The pre-fiasco profit forecast for Samsung Mobile $17 billion: The loss in market value as a result of the Note 7 fiasco $70 billion: Samsung’s current cash reserves $212 billion: Samsung’s market value $231 billion: Apple’s current cash reserves $495 billion: Apple’s current market value $498 billion: Google’s current market value $529 billion: Value of Samsung’s assets.
So how big is the Samsung Galaxy Note 7 recall? Let’s find out.
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