Samsung has halted sales of its flagship Galaxy Note 7 smartphone device amid fears that the battery could be dangerous, the BBC reports.
The decision comes after multiple reports claimed the phone was “exploding” during or after charging. It also comes less than a week before rival Apple releases its brand new iPhone 7 devices.
Samsung will reportedly take about two weeks to take to prepare replacement devices.
On Wednesday, Samsung said it was delaying shipments of the Note 7 for “quality” testing, but it didn’t say exactly what the problems were with the phone.
The Galaxy Note 7 launched in August to glowing reviews. But investors are not reacting well to the news of the battery problems, and the company has lost about $7 billion (£5 billion) in market value this week.
Samsung did not immediately respond to Business Insider’s request for comment on Friday.