It's worth pointing out that this is a profit forecast for the quarter, and so that figure won't be the real, total cost of boomgate. For a start, the company will have spent millions on developing, manufacturing and marketing a device that it can't now sell
. Then there's the potential financial fallout
from any sort of fines or lawsuits that arise in the wake of the product's cancellation. Not to mention the angered carriers who will have been looking to sell this device and will now have to deal with customers.
It's also a worry for Samsung's brand itself, since it'll need to run a highly-visible recall
to prevent any further injuries. For the average consumer, that means that Samsung may quickly come to mean fire-prone in popular consciousness. Don't forget it only took a few months for self-balancing skateboards to go from the hip toy of the year
to a fire hazard that Amazon refused to sell. Then again, market researcher Ban Bajarin believes that the damage to Samsung's reputation is "not as bad as you may think."
It may be several years before we know the true cost of boomgate to Samsung's business, but at least we've got a figure that'll do for the next few months.