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iPhone 7 Sales May Hit 100 Million in 2016, Thanks to Note 7 Recall

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Iphone sales

According to analysts in South Korea, Apple’s better-than-expected initial sales of the iPhone 7 may be due to Samsung’s recall of its Galaxy Note 7. IBK Investment & Securities analyst Lee Seung-woo said that Korean component vendors for Apple expected a volume of 80 to 85 million units, but this has jumped by nearly 25% to over 100 million by the end of the year, ZDNet is reporting. 

“The order to stop using the Galaxy Note 7 and continuous incidents of them exploding in the US likely have leaned US consumers towards the iPhone,” said Lee, in a note to clients. “It is indisputable that the Galaxy Note 7 incident has become a huge plus for Apple.”

Kim Ji-san, analyst at Kiwoom Securities, predicts that the iPhone 7 will outsell the iPhone 6S. The latest phone was showing high popularity through online orders in the US and China.

Another South Korean analyst from Hi Investment & Securities added that Apple is on track to recover its top position in the high-premium smartphone market i.e. phones that cost over $600, thanks to iPhone 7 and iPhone 7 Plus. He continued that US wireless carriers are actively promoting the new iPhones following the Galaxy Note 7’s recall.

Watch the Latest Apple Technology News Below

While Samsung gears up to resume its sales of the Galaxy Note 7 in the US on Wednesday, check out this real world speed test video of the iPhone 7 vs. the Note 7.

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