Analysts concern over the iPhone 7 and the lack of new products coming out of Apple never figured that the new phone could bring real growth. But given the recent battery problems coming from leading competitor Samsung and its Galaxy smartphones, Apple could gain valuable market share. Consumers may become worried that their Galaxy phone may explode and cause personal injury. And airlines are banning the phone from flights for fear that they may lead to fires on board the plane. And so the consumer next step is to switch phones and why not get the latest iteration this Friday.
Already wireless companies are reporting huge preorders for the iPhone 7. T-Mobile says that sales are reaching record levels. Sprint has said that sales are higher. Apple has told us that they will not release weekend numbers. Still it looks like the rest of the year for iPhone sales could be very strong. Such news may not have been so likely if not for the Samsung Galaxy issues. Apple's timing couldn't have been better.
