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AlanC

09/09/16 10:29 AM

#122138 RE: DarkPool #122136

Interesting facts:
"Samsung's broader challenge in China's smartphone market, the world's largest, is competing with the country's many budget brands. Once the leader there, Samsung ranked sixth in China in the second quarter with an 8% market share, according to research firm Canalys.

The Note 7 troubles are "a big blow for Samsung when it's trying to recover its position in China," said Nicole Peng, an analyst at research firm Canalys.

Pavilion visitor Cheng Wei, 36, said he hadn't heard about the Note 7 batteries, but that Samsung's phones aren't as good a value as their Chinese counterparts.

"I don't care too much about phone brands," said Mr. Cheng, currently a Meizu 3 user. "But if the features are all the same, of course I would still prefer a domestic brand."

Samsung has used its popular Galaxy phones to boost its mobile business, which has been struggling for more than two years amid strong competition from Apple and Chinese rivals."

Go AAPL!!!
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Watson9

09/09/16 10:34 AM

#122142 RE: DarkPool #122136

Fact:
Koh Dong-jin, leader of Samsung's smartphone division, could not provide an estimated cost for the recall, but said that "it pains my heart that it will be such a big number."


Fact:
Samsung is also offering $25 gift cards to U.S. Galaxy Note 7 owners who exchange their phones, and free virtual-reality headsets and a voucher for about $50 of content to Indian consumers who preordered the Note 7.