A Samsung Electronics' Galaxy Note 7 new smartphone is displayed at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo
A Samsung Electronics' Galaxy Note 7 new smartphone is displayed at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo

As we wait for the anticipated successor of the Samsung Galaxy S7 which is scheduled to launch tomorrow at the Galaxy Unpacked 2017 event, the South Korean smartphone makers on Monday confirmed that it plans to sell refurbished versions of the Galaxy Note 7 smartphones which were pulled from markets due to fire-prone batteries last year.

Early this year, rumors that were trending online, that company planned to discontinue the Note series, were wrong when Samsung’s Mobile Chief; Koh Dong-Jin confirmed that the phablets won’t be discontinued at all.

According to reports by Reuters, analysis from Samsung and independent researchers found no other problems in the Note 7 devices except the batteries, raising speculation that Samsung will recoup some of its losses by selling the refurbished Note 7.

The company having sold over 3.06 million Note 7’s to consumers last year before taking the phones off the market, had not previously mentioned/commented what it planned to do with the recovered phones.

Reuters in January was told that Samsung was considering the possibility of selling refurbished versions of the device or reusing some parts from the recalled phones.

“The company also plans to recover and use or sell reusable components such as chips and camera modules and extract rare metals such as copper, gold, nickel and silver from Note 7 devices it opts not to sell as refurbished products,” Reuters reports.