BUMMER: 5-7 Million Samsung Galaxy Note 7 Users Will Switch to iPhone 7:KGI Report

Must Read

LinkedIn Finally Rolls Out The Most Requested Feature By Users

Microsoft owned LinkedIn has recently been reported to have revamped its profile section with an amazing feature...

Google is Giving Microsoft a Taste of its Own Medicine

The latest version of the Microsoft Edge browser was launched about a month ago for Windows 10,...

Facebook Without Mark Zuckerberg And Sheryl Sandberg?

Imagine Facebook without Mark Zuckerberg and Sheryl Sandberg, the current CEO and COO of the world's largest...

Samsung Electronics Company (KRX:005930) may have halted the production of Galaxy Note 7 to avoid any further humiliation, but the ghost of Note 7 is still haunting the company, apparently. While the Korean electronics giant is leaving no stone unturned in a bid to safeguard its brand reputation and to keep its users glued to devices, the latest report from KGI Security claims that the damages could be severe than expected. According to the report, Samsung could do nothing but seeing 5-7 million of either existing users or potential buyers of Galaxy Note 7 switching to iPhone 7.

Samsung, however, expects that customers will remain loyal, especially when the company has got a deal to offer on world’s most selling smartphone of the first half of 2016, Galaxy S7. Contradicting to Samsung’s belief, KGI Security report claims that users and potential buyers of Galaxy Note 7 waited long enough ignoring Galaxy S7 and S7 Edge; therefore it’s quite unlikely those users would ever settle with almost a year-old smartphone. Instead, just launched iPhone 7 is a better bet than Galaxy S7 for them. In fact, a sizable share of these users may never come back to Samsung, adds the report.

Obviously, this is all expectations and estimations, and no one ones how the dust will settle eventually. The tide has not turned completely to favour Apple Inc. (NASDAQ:AAPL) as reports are claiming many users have even refused to return their Galaxy Note 7.

Advertisements

While everything remains speculated, one thing is sure; the Note 7 debacle is going to cost Samsung a bomb, be it financial or brand reputation. The company has already lost $2.3 billion due to Galaxy Note 7 disaster. The KGI Security report further claims that out of 12 million Note 7 orders, at least 50% would be adding revenue in Apple’s book, while rest being shared amongst other Android manufacturers like Huawei. Also, there is every possibility that some may turn towards Google Pixel phones, albeit it’s out of stock currently.

Apple May See Record Sales of iPhone 7 in Q4 2016

If the estimation of KGI remains correct, Apple could close the first fiscal quarter of 2017 with record iPhone sales. For the last two years, the sales of iPhone in the first fiscal quarter has been clocking over 74 million units. An additional sale of 5 to 7 million units of immensely popular iPhone 7 could make the quarterly sales of iPhone jump up by another 15%, making ongoing quarter the best performing quarter in Apple’s history.

Analysts believe that financial losses may not hurt Samsung as much as brand reputation and shake customers’ confidence. The company, though, may overcome from the disaster in the next 3 to 4 months, and also regain its lost market within the next six months but going further it’s living on the edge for Samsung. One more round of similar fault and the world’s largest smartphone manufacturer will find itself in really hot waters for sure.

The investigation to find the real cause of errors is in full swing, and soon Samsung may learn what went wrong with Galaxy Note 7. Along with that, the management at Samsung who tried to take a shot at iPhone 7, has also learnt a lesson: never try to react out of desperation, especially when you are already ruling the roost and have a competitor like Apple.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Advertisements

Latest News

Backed By Narayan Murthy, Jeff Bezos To Go After Zomato And Swiggy!

Just when Zomato and Swiggy thought that after the acquisition of UberEats by Zomato, the food delivery...

India Wants A Bigger Chunk of $100 Billion In Global Taxes Levied On Google, Facebook and Amazon

It has been reportedly found out that India is adamantly pushing for a huge change at Organisation for Economic Cooperation and Development...

Facebook May Have To Pay $3.50 Per Month To Millions of Users?

Almost every internet tech giant, be it Facebook, Google or Twitter, has flourished by optimising and channelising their strategies that are largely...

Google Warns Users To Update Their Chrome Browser Right Away!

If you are an active user of the Chrome browser, Google wants you to stop all the work and update Chrome browser,...

TikTok Owner ByteDance Gearing Up To Challenge Facebook, Apple And Amazon!

ByteDance Inc. doesn’t want their massive success to go downhill after its blockbuster video app TikTok blew up in the social media...

Global Online Payment Frauds: Over $200 Billon Would Go Down The Drain In The Next 5 Years [REPORT]

The online payment frauds are becoming a new nightmare for digital users and authorities as well. It has been estimated that a...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This