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Update (9/13/2016): The New York Post'southward initial report attributed a child's injury to a Galaxy Note seven failure. New information indicates the child in question was burned by a 2014 device — a Samsung Milky way Core Prime. The story that we sourced was simply incorrect and we repent for the error. While Samsung notwithstanding needs to finish recalling the Annotation seven before someone is seriously injured, no serious injuries are known to have occurred at this time. Our original story is below.

Last week, we covered Samsung's official think declaration for its Milky way Note 7 device and noted that the company needed to become out in front of this trouble immediately, earlier people were injured or killed by its lacking hardware. On Saturday evening, a half dozen-twelvemonth-old child in Brooklyn NY was injured when the Samsung Galaxy Note vii he was using defenseless fire in his hands while he watched a video.

The boy has been treated and released, implying that the injuries were relatively pocket-size, but the incident underscores the problem Samsung faces. The company'southward stock has fallen by roughly 7% since markets opened today, knocking $26 billion off its market valuation and killing a rally that had persisted through virtually of 2016.

Samsung-Note7

Meanwhile, there were rumors this morning Samsung may take an unprecedented stride and brick all new Note seven'southward to prevent them from being activated, though Samsung has already quashed them.

Regardless, the various carriers and Samsung itself are all treating the state of affairs seriously and with a united front. If you own a Galaxy Notation 7, don't tempt fate — swap the device out for either a different product or a new Note seven when that hardware is available. If y'all own a Notation 7 and cannot exchange it immediately, Samsung recommends switching to a different phone, turning the Note 7 off, and not charging it.

There'south no updated word, equally of this writing, nearly how widespread the problem is. Last week, Samsung stated that it thought just 24 phones out of 2.five million, or an estimated 0.1% of devices were affected. The problem with this measurement is that it may merely be the devices that accept failed in the scattering of weeks since the trouble was discovered. The other risk to Samsung is that the company could take been found criminally negligent if it faced a lawsuit and a jury heard testify that the company knew almost the risk and did zippo. A cell phone fire can lead to substantial devastation of property and injury. While we're not aware of anyone dying as a result of a jail cell phone fire, it's by no means impossible.

The bottom line is this: While the majority of Galaxy Notation 7s are most certainly completely safe, it's not worth taking the hazard on the device. Verizon and AT&T have stated that customers will receive a new device of their choice or a new Galaxy Annotation 7 when the new hardware is available, and Samsung is offering either $25 worth of in-store credit or a $25 bill credit depending on which the client wants. Having to recall its popular flagship just every bit the iPhone 7 launched was a accident to the company'southward fortunes, merely we applaud Samsung for taking this seriously.