Late yesterday Samsung Electronics announced a new compensation program for those who had purchased a Galaxy Note 7. Under this new program, Samsung will allow those who first exchanged their Galaxy Note 7 for either a Galaxy S7 or Galaxy S7 Edge to exchange them yet again when Galaxy S8 launches in March 2017. The cost of could be zero or just a little depending if it's the user's first or second exchange.
It appears that Samsung sees the advantage in quickly ramping up Galaxy S8 sales numbers to give the press the impression that their next smartphone is a hot seller so that they could put the Note7 crisis behind them.
Samsung officials said on Friday that "The new compensation program is designed to make it easier for those who exchange their Galaxy Note 7 with existing Samsung smartphones, to shift into our next model coming in next year." They added, "We think this could an effective program since it also provides some incentives to smartphone vendors."
On Wednesday we reported that Samsung is promising to compensate their top suppliers for the components not used in the Note7. More specifically, Samsung noted that they will try to use the components in future phones if at all possible. The Note7 introduced an iris scanner feature. This feature will more than likely show up on their new Galaxy S8 in March.
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