If you're currently in possession of a Samsung Galaxy Note 7, then you may soon be holding a very rare item in your hands. This is because Samsung has reportedly halted production of the Galaxy Note 7, and could be planning to kill it off entirely.

South Korean news agency Yonhap is reporting that Samsung has "temporarily suspended production of the Galaxy Note 7 smartphone". Yonhap cites "an official at a supplier for Samsung," and suggests this temporary halt in production is "in cooperation with consumer safety regulators from South Korea, the United States and China".

Samsung released the Galaxy Note 7 on August 19, and reviewers loved it. Unfortunately, reports of exploding devices soon started rolling in. Samsung finally recalled the Galaxy Note 7 at the start of September.

However, that wasn't the end of the story. There have, in recent days, been reports of new Galaxy Note 7 handsets, issued during the recall, exploding. And all of the major carriers are now inviting their customers to swap their Galaxy Note 7 out for a less dangerous alternative.

Samsung Could Cut its Galaxy Note 7 Losses

Halting production is an unusual step to take, and could signify Samsung preparing to cut its losses when it comes to the Galaxy Note 7. Endless recalls and bad PR is only likely to do the company more harm than good. So Samsung could see killing the Galaxy Note 7 off entirely as the best possible solution at this stage.

It would be like ripping off a plaster to let the wound heal in its own time without any attention. Whereas plowing on regardless would be tantamount to making that wound bleed over and over again in full view of the public.

Samsung WILL survive this. And it will carry on making smartphones long into the future. After all, it's second only to Apple in terms of smartphone manufacturers. However, the Galaxy Note 7 may need to be put out of its misery, and before anyone else gets seriously hurt.

Do you own a Galaxy Note 7? Are you planning on keeping hold of yours despite the risk of it exploding? If you do decide to exchange it, which phone will you get instead? Has this adversely affected your feelings towards Samsung as a brand? Please let us know in the comments below!