Samsung Halts Production of Galaxy Note 7 [VIDEO]

Samsung has now completely halted production of the Galaxy Note 7, after another spate of fires and explosions were reported involving replacement models the company issued to customers. On Monday, Samsung initially told buyers to stop using the smartphones and to turn them off while it looked into the safety concerns; early Tuesday, that notice was followed up with an announcement the company had halted production altogether. Representatives from Samsung said the decision had been made for consumers’ safety. Reuters reports the fiasco could end up costing the company $17 billion.