'It's a fire sale… buy one get 2.5 million free!': Social media users mock Samsung Galaxy Note 7 in hilarious memes after company axes the 'explosive' product
- Samsung announced it is axing the product on Tuesday
- Comes after 2.5 million Note 7 handsets were recalled in September
- Decision to stop selling the product could cost company $17 billion in lost sales and a further $2.2billion if each of the 2.5million handsets sold is refunded at their average cost of $850
News that Samsung has axed its flagship Galaxy Note 7 smartphone due to safety concerns has sparked a wave of hilarious memes on social media.
The troubled smartphone has, for many people, become synonymous with setting fire after exploding handsets were reported around the world including in China, South Korea and the U.S.
The decision to permanently discontinue the product, which was meant to be Samsung’s rival to Apple’s iPhone, is forecast to cost the company $17 billion in lost sales.
Twitter user Stilgherrian posted a photo of a young girl in front of a house burning down with the caption: ‘Samsung shareholders meeting.’
When you leave your Samsung Galaxy Note 7 in the car: pic.twitter.com/wA1aD1v1oe
— Matthew Kick (@MatthewKick) October 11, 2016
Russian Market shared a gif of a man lighting his cigar from a fire in his lap, with the comment: ‘Reading Twitter on your Samsung phone.’
Shane Matthew Neave joked soldiers could use the ‘explosive’ product in war zones when he said: 'Samsung have announced a new product launch, the Samsung Galaxy 7 grenade.'
More...
Alongside a photo of the Note 7 and a fire extinguisher, Tim Wrobel wrote: 'In Memoriam: Galaxy Note 7 (Aug. 19, 2016 - Oct. 10, 2016)'.
Another image joked there would be a 'fire sale' with the offer of 'buy one get 2.5 million free'.
Tom Jamieson wrote: 'Love this time of year when the nights are drawing in, there's a chill in the air & the whole family gathers round a roaring Galaxy Note 7.'
Lord James joked that he'd left his Samsung Note 7 as he shared a gif of an atomic bomb explosion.
And another gif showed Homer Simpson being blown away by a huge 'Note 7 blast'.
The first report of a Note 7 explosion surfaced on August 24 in South Korea.
Samsung announced a global recall of 2.5 million Note 7s in 10 markets including the United States and China on September 2 over safety concerns.
But since then reports that the replacement models were also setting fire have continued to rock the company, leading them to take the tough decision to axe the product altogether.
Taking our customer's safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7,' the company said.
A spokesperson for Samsung confirmed to MailOnline that the smartphone has been 'permanently discontinued'.
Live from the Galaxy Note 7 factory https://t.co/ANaynRQU4U pic.twitter.com/cirTqEnhIa
— Nibel (@Nibellion) October 11, 2016
¡CUIDADO! ¡TIENE UN GALAXY NOTE 7! pic.twitter.com/wT6fRO2TUp
— Yogulado Oliginal (@Supertramp9713) October 11, 2016
RUN!!!There is a #note7 ... https://t.co/ufR3pBNr9L
— Vidmate (@VidmateOfficial) October 11, 2016
The firm says customers with original Note 7 devices or replacements they obtained after the recall should turn off the power and seek a refund or exchange them for different phones.
The axing of the Note 7 will translate into lost sales of up to 19 million phones, or nearly $17 billion (£14 billion), according to analysts at Credit Suisse.
On top of this cost, Samsung could have to shell out an estimated $2.2billion if every 2.5 million handsets produced are refunded at an average cost of $850.
After the initial recall it was expected Samsung would lose $5 billion (£4 billion) in expected sales and recall costs based on the assumption that the firm would resume global Note 7 sales.
Samsung Electronics shares fell 8 per cent in Seoul Tuesday, wiping out about $17 billion of market value, before the KRX stock exchange closed at 3pm KST.
When the axing of the Note 7 was announced later in the day, the stock dropped further in London as much as 9.9 per cent.
Meanwhile, Apple's stock rose 1.9 per cent premarket ahead of NASDAQ opening.
WHAT TO DO IF YOU HAVE A NOTE 7
Firstly, power it off and don't use it.
Samsung is offering a full refund on the Galaxy Note 7 or a replacement for another phone.
Customers are advised to contact their mobile operator to arrange a replacement or refund.
'We are encouraging customers to contact their operator or retailer to discuss their options – which includes exchanging for an alternative device or a refund. We are encouraging all customers to power down the device and return it as soon as possible,' Samsung said in a statement.
Viable alternatives for a Note 7 in the Samsung range include the Galaxy S7 Edge or the older Note 5 model.
For customers who wish to get their money back and move to a different smartphone company altogether, the Google Pixel and iPhone 7 have been suggested as good replacements.
Most Read News
'I have something to tell you... mommy died last night': Father films the heartbreaking moment he...
Don't Miss
Gone with the wind! Nicole Kidman, 49, flashes her endless legs as slashed gothic gown billows in th... Sam Faiers' family slam her 'selfish' plan to trade Essex for Surrey with partner and baby... yet hi... 'We just had sex!': Megan McKenna reveals Pete Wicks was texting other girls while in BED with her..... Will Young's Strictly pay cheque 'is SLASHED from £25K to just £5K as BBC bosses rage after he quit ... 'My boyfriend's not shallow like you': X Factor's Louisa Johnson lashes out at vile trolls after the... EXCLUSIVE: Wayne Rooney reveals all about his biggest challenge yet...... Jacqui Ryland puts on a leggy display in a thigh-skimming little black dress... as it's revealed ex ... Ruth Langsford shocks viewers as she simulates SEX with husband Eamonn Holmes during steamy chat... 'Forget about Brad and Angelina this breakup is the saddest of 2016': Fans mourn the end of Selasi a... A boldly-coloured, self-adoring, peacock stole the show on the Great British Bake Off. No not Candic... Pregnant Geri Horner, 44, is glowing as she proudly presents her growing baby bump in beaming snap w... Chanelle Hayes displays her fuller figure in barely-there black bikini as she soaks up the sun on Sp... 'It's just sexy': Kylie Jenner poses in latex underwear and gets a visit from Kim and Khloe in behin... We are bemused! Prince Philip can't take his eyes off Grayson Perry as eccentric artist welcomes the... So sssexy! Olivia Buckland stuns in VERY plunging snakeskin top and slinky split trousers as she par... Victoria Beckham nails casual chic as she steps out wearing skinny jeans and cleavage-enhancing jump... Newly single Rihanna sips cocktails in a skimpy bikini... as ex Drake posts cryptic 'I'm praying for... She's a cheap date! Busty Chloe Khan gets a fit of the giggles as beau Ashley Cain feeds her chips o... 'I was at an all-time low': Harry Potter star Devon Murray confesses he recently suffered suicidal t... Back to Strictly business: Ed Balls and glam partner Katya Jones in cheerful mood as they arrive to ... Jeremy Clarkson enjoys an evening with Charlotte Edwardes in London...months after pretty journalist... Mollie King amps-up the sex appeal in edgy leather shirt and matching skirt with daring thigh-high s... 'Pregnant' Cheryl and Liam Payne share tender touch in heart-warming unseen snap from their first of... Felicity Jones oozes style in classic LBD with a daringly high hemline as she dines with fellow Infe... 'He was just like no one else': Felicity Jones says Like Crazy co-star Anton Yelchin's death 'has be... Kim Kardashian re-releasing Selfish book with new selfies including THAT completely NAKED pregnant... French prosecutors examining DNA found at scene of Kim Kardashian's robbery as official investigatio... Spooky sisters!! Kourtney Kardashian and Kylie Jenner show off Halloween decorations as 'traumatized... Kim Kardashian is 'very paranoid' when alone and is 'having flashbacks' a week after armed robbery i... 'Save your crocodile tears, Lily': Allen faces backlash after breaking down as she apologised 'on be...