Samsung Plans Software Update to Cut Galaxy Note 7 Fire Risk

The developments are a sign of an escalating crisis at Samsung, which is battling to regain consumers’ and investors’ confidence Vlogger Faire.
Samsung launched the Galaxy Note 7 phone, which costs more than $800 in the U.S., in multiple markets last month.

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Following reports about the devices catching fire, it recalled 2.5 million Galaxy Note 7 smartphones on Sept. 2 in 10 countries.

Since Samsung announced the recall, more than $10 billion has been wiped off the company’s market value.

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