Maybe this is all good news for you pyromaniacs out there, but most people that I know are not amused. I have been traveling a lot by plane over the past few weeks and noticed that the boarding calls for the different flights had some additional information that I was not paying much attention to. They were telling passengers that they could not bring their new Galaxy Note 7 smartphones on the plane. I was not sure what the problem could be, but I do not own one, so I was a little blasé, as they say. HOLY SMOKE! Now that I know why, I am going to begin to listen more carefully.
Here is some background information on Samsung that will explain what a great economic shock this will be to the company and perhaps the whole Korean economy. “Samsung is the best-known brand name South Korea has ever produced, ranking seventh in the 100 best global brands compiled by Interbrand, a brand consultancy. It’s Galaxy smartphones have lifted its – and by extension South Korea’s – high tech image more than any other Korean product.” Ouch! This is going to hurt their export-driven economy dependent so heavily on Samsung and a handful of other family-controlled conglomerates.
So this is surely more ominous than the old “buyer beware” warning. In this transaction the consumer may literally get “burned” in more ways than one!