Bang! There goes the Samsung Galaxy Note 7.....

The Samsung Galaxy Note 7 was unveiled on 2nd August and has today, been removed from sale and owners of Samsung Galaxy Note 7 have been told to turn their phones off and return them to where you bought them from. 

With its impressive specification, When released, the Note 7 was billed as being Samsung's big rival to the iPhone 7.

On 19th August the Galaxy Note 7 was released in 10 markets, including South Korea and the United States.

On 24 August, The first report of a Note 7 device "exploding" appear in the news. It wasn't long before more incidents with users posting pictures and videos of what they say are their phones overheating, exploding or catching fire.

At the beginning of September, Samsung was forced to issue a global recall of the water-resistant phones and set about working on a replacement version.

There have even been reports of faulty Note 7s setting fire and causing serious damage to their owner's belongings - for example, one faulty model destroyed its owner's Jeep when it set alight inside it.

In a regulatory filing in South Korea, the firm said it had made the decision to stop production, for the sake of consumer safety.

The move comes the day after Samsung said it was “adjusting production”, an admission that many saw as the first steps towards killing the phone entirely.

It said in a statement: “Putting consumer safety as the top priority, we have reached a final decision to halt production of Galaxy Note 7s.” A spokesperson confirmed that the suspension was “permanent”.

Meanwhile, The axing of the Samsung Galaxy Note 7 could help rival company Apple sell an additional 15 million iPhones, according to analysts.

Apple stock jumped 2.3 percent on Monday, reaching a high not seen since December.

It will remain to be seen how samsung come back from the epic fail that was Samsung Galaxy Note 7. 

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