Analyst expects the Note7's demise to benefit Apple and Huawei
Analyst expects the Note7's demise to benefit Apple and Huawei
As Samsung has ended the production of the Galaxy Note7, consumers have to look to other brands when buying a new smartphone. KGI Securities analyst Ming-Chi Kuo believes that two brands will benefit - Apple and Huawei.
According to his estimates, about 5 to 7 million ex-Note7 orders will be converted into iPhone 7 and 7 Plus sales. The iPhone 7 Plus will be the hot favorite due to its dual-camera module. With consumer confidence in the Samsung brand at an all-time low, consumers will consider iOS as a compelling alternative.
The other half of ex-Note7 orders will be split among other Android manufacturers although Huawei is expected to benefit the most. Given Huawei's momentum in the smartphone market this year, it is in a good position to attract Android users to its camp. Kuo also mentioned that the new Pixel smartphones are good alternatives to the Galaxy Note7. If you're looking for a phone to replace the Galaxy Note7, we have six recommendations for you!
If Kuo's estimates turn out to be accurate, Samsung could lose more than US$2.34 billion in operating profits. Samsung is said to be considering to launch the Galaxy S8 earlier to offset the decline in sales of the Galaxy Note7.
Source: 9to5Mac