Will Samsung (SSNLF) Stock Be Affected By Problems With Galaxy S4 Batteries?

NEW YORK (TheStreet) -- Samsung Electronics' (SSNLF) products importer in Israel, Scailex Corp. (SCIXF), said today it had been experiencing problems with batteries of the Galaxy S4 cellular phone, Reuters reports.

Scailex said it was making the announcement after local media reported about malfunctioning batteries, and upon request of the Israel Securities Authority.

Israel newspaper Yedioth Ahronoth reported that thousands of the batteries in Israel had a problem with swelling, and that at least 20 batteries had burst into flames, Reuters added.

The company said the examination was ongoing. Samsung had no comment.

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