Samsung Electronics says battery defects caused Note 7 fires

SAMSUNG-ELEC-RESTRUCTURING

Samsung Electronics Co Ltd on Monday said battery defects caused its premium Galaxy Note 7 phones to catch fire, not the device's software or hardware.

The announcement comes more than three months after the world's top smartphone maker scrapped the short-lived competitor of Apple Inc's iPhones, costing $5.3 billion in operating profit and damaging its reputation.

(Reporting by Hyunjoo Jin; Editing by STephen Coates)