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Apple will see 5 million to 7 million iPhone 7 orders from ex-Galaxy Note 7 users, wrote Ming-Chi Kuo, a notoriously accurate analyst at KGI Securities, according to 9to5Mac. Those orders are likely to focus on the higher-end iPhone 7 Plus, thanks to its dual camera, 9to5Mac's Benjamin Mayo reports, citing Kuo.
Samsung recently expanded its existing recall of 1 million phones in the U.S. amid continuing reports that the batteries overheat, catch fire and explode in a handful of cases. Kuo's report reiterates other Wall Street predictions that Apple will win millions of mobile customers from the recall of the now-discontinued phone.
For instance, Brian White, a Drexel Hamilton analyst, estimated in a research note that Apple could pick up at least 8 million extra unit sales this calendar year, out of the 10 million to 14 million Galaxy Note 7 phones he expected to be sold in the second half of the year.
Chinese manufacturer Huawei also stands to gain, the report said. That company was already third behind Apple and Samsung in worldwide smartphone shipment volume in the second quarter, according to IDC estimates.