Samsung Tries to Shake Off Its Big Note 7 Debacle

On August 31, Samsung was riding high having just launched its Gear S3 smartwatch at a flashy event. It had wind in it sales from its flagship Galaxy S7 smartphone and just three weeks earlier had unveiled the Note 7. It was a big turnaround for the company that had struggled in recent years in the smartphone market because of rising competition from low-priced Chinese brands and Apple on the high-end.