The Galaxy Note 7 was an absolute disaster for Samsung. The company had to recall the handset twice due to faulty batteries. It eventually saw the writing on the wall and decided to discontinue the handset.
Samsung booked billions in losses due to the Galaxy Note 7. Customers were irked by the recall and refund process as well. The company has since enhanced its battery safety standards to ensure that something like that doesn't happen again.
Samsung is going to facilitate customers who purchased the Galaxy Note 7 last year but weren't able to keep it. It's going to offer them a discount on the Galaxy Note 8.
Those who purchase the Galaxy Note 7 in the United States will be able to trade-in their existing device for a value of up to $425 which can be put towards the purchase of a Galaxy Note 8. Samsung is going to reveal more details about this promotion on its website once pre-orders go live tomorrow. It's going to release the Galaxy Note 8 globally on September 15.
Samsung may offer a similar promotion to ex-Galaxy Note 7 owners in other countries across the globe. It will become clear in the coming days as the company's regional divisions come out with more information regarding pricing and availability for different markets across the globe.