NEW YORK (TheStreet) -- The U.S. Consumer Product Safety Commission announced on Thursday that it is planning a recall of the Samsung (SSNLF) Galaxy Note 7, as the smartphone has a faulty battery that causes the device to burst into flames.
"This comes of course on the eve of Apple's (AAPL) - Get Apple Inc. Report expected retail release of the iPhone 7 and 7 Plus," CNBC's Jon Fortt reported on "Closing Bell" this afternoon. Apple has been benefiting from the issues the rival phone maker has been having.
The fire issue continues to be a PR problem for the South Korean electronics maker, however Fortt pointed out that it is unclear how this will impact sales going forward.
The CPSC tells users to immediately power down Galaxy Note 7 devices purchased before September 15, Fortt continued. The consumers don't have to do much themselves, Samsung has already given details on how they plan to compensate users.
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