The failure of Samsung will help Apple to sell an additional 14-15 million iPhone

Problems Samsung with the new Galaxy Note 7 probably will have a positive impact on sales of the devices main competitor, Apple, according to MarketWatch. According to analysts, the failure of the South Korean manufacturer will help the cupertinos to sell up to an additional 15 million iPhones.

According to Angelo Zino of S&P, in Samsung many Android-device users to switch to Apple smartphones running iOS. The analyst believes that the failure of the Galaxy Note 7 additionally let Apple to sell 14 to 15 million iPhones in the third quarter of 2016. On Wall Street expect the implementation of an average of 60 million Apple smartphones by the end of July-September, whereas over the same period of last year sold 64 million handsets.

According to IDC, the share of Samsung in the global smartphone market at the end of the second quarter was 22.4%, and Apple with 11.8%. As a result, according to experts, Apple could increase market share by 1%.

On the eve of the stock market Apple has updated the annual maximum after the statement of Samsung about the termination of sales of the flagship model Galaxy Note 7. After the start of trading on the Nasdaq on Monday, October 10, the cost of one Apple shares rose 2.3%, to $116,73 that was the highest value since December 2015. At the end of yesterday’s trading session securities of U.S. corporations stood at $116,07. Quotes iPhone maker have risen by 13% since mid-September amid the release of iPhone 7 and iPhone 7 Plus.

Earlier, Samsung announced the launch of the exchange program Galaxy Note 7 on updated smartphones, which was supposed to have been eliminated defect of the battery. However, reported cases of fire, even updated devices forced the company to stop production and sale of smartphones.

On Tuesday Samsung announced a complete cessation of production of the Galaxy Note 7. The company’s shares fell on the results of trades at the fastest rate since 2008 – by 8%, to 1,545 million KRW, and market capitalization declined by $17 billion to 217,35 trillion won (about $195,6 billion).

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