Bad news seems to follow Samsung right now following the Galaxy Note 7 fiasco, and that's the reason why the rumors are claiming that it's about to make up in a big way with the Galaxy S8.

SamMobile has reported that the South Korean company's third quarter earnings could plummet as much as eight percent as a result of the exploding batteries. It's recall of millions of Galaxy Note 7 is already costing the company over a billion dollars.

That's why Forbes believes that Samsung is hoping to salvage its name by releasing the Galaxy S8 much earlier than anticipated, just so to take the sting away from the bad news that the Galaxy Note 7 has become.

Already, rumors are circulating about the specs of the Galaxy S8, which reportedly includes a 4K AMOLED screen, exclusively curved edges and a USB-C slot instead of an audio jack, which will be discarded.

However, there's a danger of launching the Galaxy S8 a tad too early. In fact, that's what happens to the Galaxy Note 7, which was released a year before the anticipated launch date. And suddenly, Samsung is looking at its biggest scandal yet.

Multiple reports claimed that Samsung already spent upwards of one billion dollars in order to recall the Galaxy Note 7. But the damage may be far more costly than that figure as its stocks took a slide as a result of the scandal.

All news and rumors surrounding the Galaxy S8 will be published here. Watch out for more developments.