Shelving Note 7 to cost Samsung $ 5 billion

Abu Mubarik 11:20 - 15 October 2016

The Note 7 was billed as the great rivalry to Apple's iPhone 7 and as such was released a month earlier. Despite generally been highly rated for its features, the phone gained notoriety for its exploding battery.

Samsung Electronics has announced that the decision to abandon production of its infamous Galaxy Note 7 would cost the company about 3 billion dollars.

This, in addition to an estimated 2 billion dollars going into recalls, brings to total 5.2 billion dollars for the entire plan to discontinue production and sales.

The phones were recalled but the replacements soon faced similar problems leading the South Korean company to permanently shelf the phone.

Related: Ghana Civil Aviation bans Samsung Note 7 on aeroplanesMany international airlines have banned passengers from bringing the phone on board. In September, the industry regulator in Ghana also announced a ban on flights.

“Following these recent events, the GCAA directs that all passengers and crew in possession of these devices should not turn on or charge them on board aircraft.

Passengers and crew are also hereby prohibited from stowing these devices in any checked baggage, even when turned off,” the Ghana Civil Aviation Authority said in a statement.

Related: Ghanaian innovation: Promolante app records 200,000 usersInstead, the company says it would now focus it's its energies on marketing other notable devices such as the Samsung Galaxy S7 and S7 Edge.It also says it will "focus on enhancing product safety for consumers by making significant changes in its quality assurance processes."