While many loved the Galaxy Note 7 from Samsung last year, it ultimately needed to be returned back to the company for safety reasons. The company confirmed there was indeed an issue with the battery that was causing all of the fires, and they initiated a recall so they could collect all of the potentially failing units that were out in the public. Many even felt doing so would have caused Samsung to lose out on a lot of profits, but it turned out to be better than many had expected.
This isn’t to say that they could have made more if they hadn’t have had to deal with the Note 7 debacle, but it wasn’t a big enough of a problem to drag them down into the red thanks to the profits from other products. While they were still collecting up returned devices from their customers, Samsung had announced they would abide by three specific principles when it came to recycling those used Galaxy Note 7 units.
The first was the possibility of selling refurbished Galaxy Note 7 units where applicable. This is something we have already seen and a number of people have been enjoying their Galaxy Note FE device since they received it. The second principle was to salvage as many components from the returned Galaxy Note 7 units as possible (including things such as camera modules, semiconductors, etc.) and plan to use those for “test sample production” purposes.
The last principle the company said was they had plans to recover as much precious metals (such as cobalt, copper, and gold) and will be recycling it so they can use them in other products in the future. After collecting up all of the returned Galaxy Note 7 units, Samsung says they should be able to extract over 157 tons of these rares metals during this process.