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Samsung’s nightmare scenario is happening, and it couldn’t occur at a worse time

September 2, 2016

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Samsung’s nightmare scenario is happening.

On Friday, the South Korean electronics giant was forced to suspend sales of its new flagship smartphone, the Galaxy Note 7 — because dozens of the handsets have exploded.

The phone, which has been extremely well reviewed, is now also being recalled worldwide, in a move that is likely to cost Samsung hundreds of millions of dollars.

And compounding matters, the colossal disaster comes on the eve of the launch of a new iPhone from archrival Apple.

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