Apple to Benefit Majorly From Samsung Galaxy Note 7 Disaster [Report]

Apple and Huawei will see the biggest benefits from Samsung's Galaxy Note 7 disaster, according to a new report from KGI Securities analyst Ming-Chi Kuo. Both companies make dual camera phones which is believed to be a draw for customers who wanted the Note 7.

Despite the seen benefits for Apple, Kuo says that they are "largely reflected in raised forecasts" and not as much in shipping numbers. Samsung was expected to ship 12-14 million notes in 2016. Apple is estimated to capture 5-7 million of these shipments, mainly for the iPhone 7 Plus.

Consumers that have switched from Note 7 to iPhone after the recall and halted production can be identified as having the following characteristics: (1) no trust in the Samsung brand anymore; (2) could be former iOS users; (3) like dual camera feature; and (4) like the subsidy packages of telecom operators (iPhone 7 and 7 Plus were the most promoted flagship models in September).


Kuo says that it will take Apple about 3-5 weeks to handle additional orders for the iPhone especially "if the company does not expand the current production capacity of the iPhone 7 Plus."

If you are still using a Note 7, stop using it immediately and get one of these fireproof boxes to send it back.

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