Samsung is set to lose its top in the Indian smartphone market to its opponent Apple owing to its Note 7 fiasco.
The company was going strong in the phone market with an anticipated share of 58% in the third quarter of this calendar. But now it may see fall as down as 35% during October-December 2016 quarter. On the other hand Apple will witness rise in its share.
This fall was also predicted by few research agencies along with leading industry players phone sellers owing to the pressure on Samsung’s phone business, specifically now when the Note 7 has been withdrawn over safety concerns.
Manu Sharma, Vice President of Samsung’s mobile business said sales has been all right and there is no fall in the predicted market share.
While some experts firmly believe that impact company’s brand reputation will be impacted by Note 7 issues.