Samsung Electronics on Tuesday filed its "final decision" to end production of the faulty Galaxy Note7 smartphone with the South Korean stock exchange, after several cases of the device exploding emerged, unnamed officials told the The New York Times. The news has led to its rival Apple Inc gaining 2.3% in the stock market – its highest since reports of Samsung's troubled phone catching fire surfaced, Reuters reported.
The electronic giant also announced the inclusion of China in its international recall exercise on Tuesday, AFP reported. The company launched the product in South Korea on August 19 but was compelled to declare an international recall of 2.5 million units in September after several incidents of the phone exploding were reported.
Galaxy Note 7 users in China had expressed their dismay when the company claimed that the smartphone models in the country had different components that were not susceptible to fire. According to the AFP report, China's quality watchdog's website post said, "The product being recalled has problems with abnormal heating and burning, which can have serious consequences including fire."
The firm's Chinese unit is expected to recall a total of 190,984 phones from the Chinese mainland.
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