The problems facing the initial batch of Note 7 models were not expected to affect Samsung's broader range of handset products in the long run, which include the flagship Galaxy S7 and S7 Edge. Samsung attributed strong sales in both models to its strong second quarter results earlier this year.
Technology research firm Gartner's lead analyst for Samsung, Tracy Tsai, told CNBC by email the problem with the Note 7 would be confided to a single model. "There may be some buyers switching from Note 7 to iPhone 7," said Tsai. "This should be just a short term impact, resolving once the issue is fixed through recall."
As for existing users, Tsai reckoned they would continue to use their Samsung handsets.
But Technalysis' O'Donnell said the likes of LG, Lenovo and Xiaomi, might receive a boost from users wanting to switch away from Samsung to other Android vendors in the aftermath.
Samsung still has a solid lead over second-placed rival Apple in terms of market share. The latest numbers from Gartner showed in the second quarter of 2016, Samsung owned 22.3 percent of the smartphone market, compared to Apple's 12.9 percent.
Analysts said there was also a possibility Samsung could bring forward the launch of its next flagship model, the Galaxy S8, to minimize the reputation damage from the Note 7 recall. The company was expected to employ additional quality control on the S8 to avoid repeating a similar incident.
A director for Handset Country Share Tracker at Strategy Analytics, Woody Oh, told CNBC by email, "I bet that Samsung will be strengthening its quality control process both internally (set-wise) and externally (chipset-wise) from now on, to stop this sort of issues from happening again. [They] will make sure that upcoming Galaxy S8 is very safe, stable and high-performing."
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