Nokia Battery Recall To Cost Up To $500m
By: Roy | August 15, 2007
The major Nokia battery recall that has taken place recently is expected to cost Nokia up to $500 million.
Various analyst have said that the cost of the Nokia battery recall could cost between $500 million and $150 million .
In the Nokia battery recall, as many as 46 million Nokia batteries in cellphones will have to be replaces after Nokia discovered that the batteries can overheat.
The Nokia battery recall may be the largest voluntary consumer electronics recall yet.
Before the Nokia battery recall, sales of the seven cellphones involved in the Nokia battery recall made up roughly 10% of Nokia’s sales volume in Canada.
What do you think of the Nokia battery recall?
How will the Nokia battery recall affect the stock price of Nokia?
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Nokia’s voluntary recall simply emphasizes that Nokia is a great company with which to do business. I feel more comfortable with a NOKIA cell phone!