Samsung Galaxy S7 Mini The Solution To Billion-Dollar Losses?

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Samsung is under a lot of heat at the moment and it is caused by the exploding Galaxy Note 7. The faulty Note 7 has caused some serious injuries to the users and it forced Samsung to recall the device. It resulted in a huge financial loss for the company, amounting to billions of dollars.

At the moment, Samsung is busy fixing the broken Galaxy Note 7 and they are also brainstorming on ideas that can help them recover from the huge financial loss. The details on the ideas are unknown at the moment but according to the rumours, Samsung is developing the Galaxy S7 Mini.

The word is that the S7 Mini will get produced as a simple smartphone that is based on the S7. It will retail around the $300 mark and it will hope to capture a large slice of the mid-market pie. The sole purpose of the S7 Mini is to generate enough income to cover back the losses incurred by the faulty Galaxy Note 7.

While it does sound possible, the above is still based on rumours and it should be taken with a grain of salt. What do you think of the Galaxy S7 Mini idea?