Skip to main content

Apple could gain 5-7 million users due to Galaxy Note 7 fiasco, analyst says

While Samsung may be going through one of the worst public relations disasters its mobile division has had, Apple will most likely cash in over the situation — big time. Samsung has cancelled all production of the Galaxy Note 7, essentially meaning customers either have to choose another Samsung phone, or get a refund and get their phone from another manufacturer.

According to KGI Securities analyst Ming-Chi Kuo, that manufacturer will be Apple for as many as 5 million to 7 million people. The report suggests that millions of people will flock to the iPhone 7 Plus because of the dual camera, which makes the Plus an attractive buy for many people that might have bought the Note 7 for its camera in the first place.

Recommended Videos

What the report means is that as many as 50 percent of Galaxy Note 7 buyers could be convinced to switch over to an iPhone — originally as many as 12 million Galaxy Note 7s were sold. The other 50 percent of buyers will be shared among manufacturers like Huawei and Google, which is selling its first ever self-built device.

Of course, it is difficult to tell exactly how buyers of the Galaxy Note 7 will react to the situation. Many users have declined to turn in their device despite that it could catch fire without warning. While Kuo says that that the issue will not affect Samsung for more than a few months, the report notes that another series of similar issues could be disastrous to the Samsung brand as a top-tier phone manufacturer.

Apple stock has soared over the past few weeks — largely due to the Galaxy Note 7 issues. Apple will likely see an excellent fourth quarter of 2016 and even first quarter of 2017. We may begin to see the effects of the Galaxy Note 7 issues on Apple when Apple reports its earnings to investors on October 25.

Christian de Looper
Christian de Looper is a long-time freelance writer who has covered every facet of the consumer tech and electric vehicle…
Samsung Galaxy Z Flip 7: Everything you need to know
A side-view of a closed Samsung Galaxy Z Flip 6.

Summer is fast approaching, and that means it won’t be long before we see Samsung’s new Galaxy Z Flip 7 make its debut. While the Galaxy Z Flip 6 is a top-notch foldable, it also felt like Samsung phoned it in last year.

It offered mostly modest improvements over the Z Flip 5, with the most significant ones being hidden under the hood, like thermal improvements, or generally underwhelming, like a larger cover screen that didn’t improve in any other meaningful way.

Read more
Samsung Galaxy Z Fold 7: Everything we know so far
Leaked render of the Samsung Galaxy Z Fold 7 showing its front and rear profiles.

The Samsung Galaxy Z Fold 7, the highly anticipated successor to the Galaxy Z Fold 6, is just a couple of weeks away from launch - and it could arrive with a significant design overhaul.

For what feels like an eternity, we’ve been inundated with rumors and leaks regarding this innovative smartphone, which is expected to launch officially in July alongside the Samsung Galaxy Z Flip 7.

Read more
Apple iPhone owners urged to download new update now as a security must
An iPhone showing the Apple Password app.

The new iPhone software update, iOS 18.4, could be more critical than is being talked about when it comes to security.

While there are lots of new features added in the latest release, out yesterday, what's less talked about is the 62 security updates and fixes that roll out with this version. Some are quite serious.

Read more