"Putting consumer safety as the top priority, we have reached a final decision to halt production of Galaxy Note 7s," it said in a statement.
A company spokesperson confirmed that the suspension was "permanent."
While numerous analysts had predicted just such an outcome, it was still a stunning move for a company that prides itself on the quality production of cutting-edge technology.
It is especially damaging because the large-sized Note series, along with the Galaxy S smartphones, are Samsung's flagship bearers in the fierce battle with arch-rival Apple's iPhones for supremacy in the high-end handset market.
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