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Legal Verdict Against Samsung Might Have Helped Their Sales According to New Study
According to the managing director of equity research at Global Equities Research, Trip Chowdhry, the verdict against Samsung might have actually helped the sales of the Galaxy S III some right after the trial. According to an unscientific study he did, there was a surge of sales of the Galaxy S III on the weekend following the announcement of the verdict. Additionally, according to earlier reports, during this entire last month the Galaxy S III has outsold the iPhone 4S in the United States. Here is a quote with some of the details,
Now, of course, it's important to mention that part of the reason the SGS3 has outsold the iPhone 4S is because many folks already know that the iPhone 5 will be coming out soon, and are likely holding off on their purchases. The launch of the iPhone 5 will be huge, so it will be interesting to see how well the current and future Android lineup, including the S3 hold up to the new Apple juggernaut. We are pretty confident it will do just fine.
According to Trip Chowdhry, the managing director of equity research at Global Equities Research, customers “rushed” to buy Samsung’s flagship phone after the verdict was announced.
Chowdhry investigated multiple retail outlets — including Costco (NASDAQ: COST), AT&T (NYSE: T), Sprint (NYSE: S), and Verizon (NYSE: VZ) — to get an update on how the Galaxy S III performed this weekend.
Two out of three Costco stores were completely sold out of the T-Mobile and AT&T versions of the phone. The third location had the T-Mobile version in stock, but was sold out of the AT&T version.
All five of the AT&T stores that Chowdhry investigated experienced “significant sales” of the device, which has been outselling the iPhone 4S this month. The Galaxy S III has also outsold Apple’s smartphone at all five of the Sprint stores and all three of the Verizon stores that Chowdhry examined. However, only two of those Sprint locations had completely sold out of the Samsung-built device.
Source: S3Forums via Forbes
08-30-2012 10:55 AM