SEOUL, South Korea — Samsung Electronics is terminating production of its troubled Galaxy Note 7 smartphone, according to a person familiar with the decision, in a major and embarrassing about-face for the South Korean electronics giant.
In a statement filed with the country’s stock exchange late Tuesday, Samsung said it had made a “final decision” to stop production. That means the company will no longer produce or market the smartphone, said the person, who spoke on the condition of anonymity because Samsung did not publicly disclose further information about the decision.
Samsung has struggled with reports that the Note 7 could overheat and catch fire because of a manufacturing flaw. Last month, the company said it would recall 2.5 million of the phones, but in recent days, reports that the fixed version could also catch fire began to surface as well.