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| 25.05.2017, 10:00 - ykyokicks - Rank 6 - 945 Posts
Preliminary examination of the evidence from recent battery incidents suggests there is an issue with the batteries made by China’s Amperex Technology, which were supposed to be a safe alternative to those supplied by another company that led to scores of incidents in which phones burned and melted, according to a person familiar with discussions between government agencies and the company. The issue may have crept into the supply line after Samsung began replacing Note 7 phones that were equipped with batteries made by Samsung SDI, said the person, who wasn’t authorised to speak publicly about the issue. The SDI batteries were slightly too large for the phone, according to a US consumer-safety agency. Samsung is a major shareholder in Samsung SDI. The apparent new fault helps explain why Samsung would abruptly pull the plug on what was supposed to be its premier phone designed to compete against Apple Inc.’s iPhone 7. Amperex, a unit of Japan’s TDK Corp., didn’t respond to requests for comment on Tuesday. Samsung declined to comment. TDK shares fell as much as 4.5 percent in Tokyo trading. Samsung SDI rose as much as 3.5 percent in Seoul. Before the September 15 recall, there had been 92 reports of Note 7 batteries overheating in the US, with 26 cases causing burns. Samsung and agencies investigating the latest failures haven’t released details about what they believe is causing the incidents. Samsung is leaving at least some of its most valuable wireless carrier partners in the dark about the root causes of the battery issues, according to one carrier executive who asked not to be named. Samsung is asking some of its partners to share testing data, but the South Korea-based phone maker has not reciprocated with its own data, leaving carriers to deal with replacing phones and not providing customers with explanations of the problem, the executive said. Reversed Course Samsung moved to recall its phones last month, offering replacements that it assured consumers were safe. Samsung reversed course this week after several of the replacement phones caught fire, shutting down production and asking retailers to stop selling all of the Note 7s. The move sent Samsung shares down 8 percent on Tuesday, vaporizing $17bn in market value. Samsung’s sterling brand image built up over decades is at risk unless the management team led by Vice Chairman Jay Y. Lee, 48, doesn’t get out in front of the crisis soon. The company has not said how many new or replacement phones will be affected by the latest announcement. Analysts estimated the original recall would cost between $1bn and $2bn, but that figure will likely rise. Chung Chang Won, an analyst at Nomura Holdings Inc., estimated in a research note before the company’s announcement the worst-case scenario of Samsung terminating the Note 7 would cost the company about $5bn in operating profit through 2017. The incidents in the US are under investigation by the Consumer Product Safety Commission, which Monday issued a statement warning all owners of Note 7s to power them off and stop using them. When the agency announced an agreement with Samsung to begin a government-sanctioned recall on September 15, Chairman Elliot Kaye said batteries made by Samsung SDI had been built slightly too large for the compartment in the phone. Installing them had crimped the corner of the batteries, causing them to short circuit and overheat, Kaye said. Read more about: What you need to know when selling or buying The onus is on you to uncover any defects before you buy, writes Angelique Ruzicka. April 21, 2017 Vaping, the jury's out on its long-term effects Despite being marketed as a safer alternative to smoking, many insurers equate e-cigarettes with the tobacco variety, writes Angelique Ruzicka. April 21, 2017 Uber or drive? There’s an app for that A new app is available that compares the cost of Uber to driving yourself. Maya Fisher-French interviewed the developer. April 22, 2017 How to generate mega wealth Accumulating R1bn in your lifetime is a very tall order, but whatever value of financial legacy you want to leave to your family, there are some basic principles to follow. April 22, 2017 Is below-prime vehicle finance a good deal? Borrowing money to buy a car can be expensive. Unless you have a perfect credit score, you’d be lucky to secure vehicle finance at the prime lending rate (10.5%). However, some dealerships charge more than this. April 22, 2017 How much is satellite TV really costing you? When actuary Vinesh Maharaj was considering whether to change his DStv subscription, he did what all maths nerds do – he drew up a spreadsheet to see how much DStv would cost him over the next 40 years. April 15, 2017 Is it safe to buy time share? With the April holidays in mind, you may be considering signing up for time share or a travel club. Before you commit, understand what it is you are committing to and don’t get caught up in the marketing hype, writes Angelique Ruzicka. April 9, 2017 Surviving market turmoil Maya Fisher-French looks into whether you should be hiding in cash. April 9, 2017 Stress is making us sick Over the past year, long-term insurers have experienced higher-than-expected claim ratios, especially when it comes to stress-related illnesses and death. April 8, 2017 Don't be duped by restaurant rip-off tricks As the cost of food and wages rise, eating out has become tricky as establishments try to make a profit, writes Angelique Ruzicka. April 8, 2017 Consumer rights in the digital space Ever more consumers are using online methods to apply for credit, debt counselling and to access credit reports, which is providing new channels for scammers and fraudulent operators. April 4, 2017 Why your junk could pay your debt Selling antique furniture or jewellery is a good way to get out of financial trouble, writes Angelique Ruzicka March 24, 2017 Better safe than sorry A City Press reader was recently scammed out of R3 000 when she chatted on Facebook with someone she believed to be a Vodacom agent. March 19, 2017 How accessible is free legal insurance If you are unable to afford an attorney, there are options for you, writes Angelique Ruzicka. March 24, 2017 Tax-free savings make a difference If you are younger than 35, investing in a tax-free savings account (TFSA) is a “no-brainer”, says Charles Savage, the CEO of Purple Capital, which owns the low-cost online brokerage company EasyEquities. March 18, 2017 What does it mean to have your car written off? If you crash and your car is damaged beyond repair, you may well find yourself out of pocket, writes Maya Fisher-French March 17, 2017 Why we fall for scams Our need to believe in miracles and magic makes us susceptible to tricksters. writes Maya Fisher-French April 22, 2017 cheap jordans for sale cheap jordans cheap real jordans cheap Authentic jordans cheap jordan shoes ?thread_id=0 ?site=forum_topic&topic=8855 www.crafthammerdesign.com cheap retro jordans cheap air jordans cheap jordans online cheap jordans for sale http://siemprelucenacf...p;view=article&id=115 http://www.kiteaway.co...topic.php?f=1&t=79690 http://www.elllo.org/graphics/ |