Samsung to Lose 1.5 Billion Dollars in Note 7 Recall

Episode 1320 (14:40)

Samsung Galaxy Note 7

Due to exploding batteries in 35 different Samsung Galaxy Note 7 phones, the company has issued a mandatory recall of all phones for replacement or a full refund. The phone maker says it will cost them $1.5 Billion in losses. Leo says if you have a Note 7, to return it immediately. It's going to take a few weeks to get a replacement, so Leo says that Google's new Pixel phone is a worthy alternative, or the Samsung Galaxy S7.