Samsung shares have fallen further in Wednesday trading after the company decided to stop producing its Galaxy Note 7 smartphone.
The device has been scrapped after reports that replacement phones had been overheating and smoking.
Samsung stock had already slumped 8% on Tuesday.
Danny Cox of stockbroker Hargreaves Lansdown says it's a huge blow for the South Korean company.
IN: "Well this…
OUT: …iphone 7."
DUR: 29 seconds
http://www.fsnradionews.com/feeds/1012samsung-cox1.mp3
The device has been scrapped after reports that replacement phones had been overheating and smoking.
Samsung stock had already slumped 8% on Tuesday.
Danny Cox of stockbroker Hargreaves Lansdown says it's a huge blow for the South Korean company.
IN: "Well this…
OUT: …iphone 7."
DUR: 29 seconds
http://www.fsnradionews.com/feeds/1012samsung-cox1.mp3