September 12th, 2016
Yes it is. As confirmed by this excerpt from Samsung’s official statement on this matter.
“While there have been only a small number of reported incidents globally, Samsung is taking great care to provide customers with the support they need. Samsung has identified the affected inventory and stopped sales and shipments of those devices. For customers, who have Galaxy Note7 devices, Samsung will replace their current device with a new one.”
Please read Samsung’s entire statement for more details on this issue and find out how you can replace your Samsung Galaxy Note7 for a Galaxy S7 or Galaxy S7edge device for free.
Now for those Samsung Galaxy phones owners who don’t want to return their device can take advantage of a software update that will reduce the battery’s full charge from 100% to 60%. This will hopefully prevent this battery overheating issue. The rollout of this upgrade is scheduled for September 20th, 2016 in South Korea, while the international rollout data has not been released. But likely will made available shortly after.