An iPhone 7 is being blamed for causing a car fire, and it’s already being compared to Samsung’s Galaxy Note 7 burning phone disaster. While it’s possible Apple is about to face a wave of burning iPhones, it’s possible this was an isolated incident, or that the iPhone wasn’t the cause of the fire.
What’s the cost of designing and selling an smartphone that catches on fire? If you’re Samsung, it’s US$5.3 billion. The electronics maker is now estimating its losses for dealing with the Galaxy Note 7 debacle will climb well over its earlier projections and could go higher than its latest expectation.