Samsung halts sales of Note 7 smartphone after reports of exploding batteries
Samsung has recalled all 2.5 million of its Galaxy Note 7 smartphones after 35 confirmed reports of some units’ batteries exploding or catching fire. Occurring just two weeks after the phone’s official launch, customers will be entitled to a smartphone replacement within two weeks. The company has estimated that 24 out of every 1 million Note 7 units are likely to contain a faulty battery.

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Samsung halts Galaxy Note 7 sales

CNBC's Arjun Kharpal provides an update on the Samsung Galaxy Note 7's battery issues, as well as any knock-on effects the company might experience.