Samsung Galaxy Note 7 Refurbished Units Could Be Sold In 2017 - What You Need To Know [Price, Availability, Risks]

Following the massive recall of Samsung Galaxy Note 7 devices for its exploding batteries, the company is said to be planning to sell refurbished units by 2017. Sources say that the decision has not been made final, but should the South Korean company proceed, the Samsung Galaxy Note 7 refurbished units might find its way in markets like Vietnam or India.

According to an insider who told The Investor, Samsung is targeting these emerging markets because popularly seek cheaper smartphones options. The planned move indicates that the Samsung Galaxy Note 7 refurbished units could be sold for a price much lower than its initial SRP. When Samsung released the Galaxy Note 7 in August, its price ranged from $835 to $900.

But since reports of the phone overheating and exploding came about, Samsung has issued a worldwide recall of the Samsung Galaxy Note 7. According to CNET, the company has opted to cease production of the device as of October for the protection of its users. The recalls, however, are still underway.

According to Daily Mail, Samsung has pegged the recall at about 85 percent from its U.S. market through the Samsung Galaxy Note 7 Refund and Exchange Program. But the company has been pressured by environmentalists into doing something about the discontinued smartphones.

Greenpeace suggested that parts of the Samsung Galaxy Note 7 must be reused. The company is said to be reviewing its options, which could include either destroying existing stocks or selling Samsung Galaxy Note 7 refurbished devices.

For Samsung to go ahead with selling Samsung Galaxy Note 7 refurbished units by 2017, the company should have already determined the real cause of the explosions and have done measures to mitigate the risks. Investigations to the malfunction are still not over, but the company promised investors it will make changes to its quality assurance process, BGR reports.