Don’t worry about powering down your Samsung Galaxy Note 7 before getting on your flight because the Department of Transportation and Federal Aviation Administration just banned the smartphone from all flights. As of Friday afternoon, the fire-prone Note 7 is classified as “forbidden hazardous material,” and come Saturday can’t be transported in your carry-on or checked luggage.
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.