Samsung stops Galaxy Note 7 production

Samsung company stopped producing self-exploding mobile phones Galaxy Note 7. In the middle of August company released 2,5 billion smartphones, soon followed cases when phones started to explode during or after charging. The reason of the explosions was the battery, that could not handle the capacity. There were cases, when phones exploded in user’s hands or pockets, and in houses and cars that lead to property damage. After a short break, Samsung started to produce Galaxy Note 7 again, but explosion cases continued and company decided to stop production.

From the middle of September Samsung stocks decreased by 2,8%. This is an obvious trend, that traders can use to make income deals. Trading will be available during the European session, from 7:15 to 16:30 GMT only on long-term options.

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