A day after Samsung issued two statements declaring that it was "adjusting production" of the troubled Galaxy Note 7 to respond to complaints and fires, the company announced on Tuesday that it has "consequently decided to stop production" —but the consequences of the entire debacle may extend for some time. Estimates of Samsung's lost profits from the Note 7 issue and the generally poor handling of it have grown significantly over the last month. Initial estimates pegged losses of $5 billion over the product's life cycle. However, as news of the complete production stop of the Galaxy Note 7 spread, analysts started singing a different tune. Credit Suisse, the original author of the $5 billion figure, now claims that the complete loss will be $19 billion including recall expenses, assuming lost sales of up to 22 million phones. Full article HERE

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