Samsung’s Galaxy Note 7 fiasco seems to have dented the company’s reputation.
The Harris Poll, a ranking of the reputation of the top 100 most visible companies in the U.S., ranked Samsung 49th this year, Business Insider reports. In 2016, the company came in 7th.
Samsung (SSNLF) had to issue a global recall of the Galaxy Note 7 after a manufacturing fault led to faulty and overheated devices. It’s estimated that the company lost around $5 billion.
The company are probably focused on other concerns at home as it becomes embroiled in South Korea’s burgeoning corruption scandal. Samsung leader Jay Y. Lee has been arrested on charges including bribery. He has denied any wrongdoing.
