Samsung Galaxy S8 Sales Will Be Lower Than Galaxy S7, Predicts Analyst
As consumers gear in place for the arrival of the Galaxy S8, an analyst has dampened expectations by forecasting that the income of the brand new Samsung flagship will be less than that of the predecessor Galaxy S7.
The analyst in question is actually KGI Securities’ Ming Chi Kuo that has an excellent track record when it is about predictions, particularly for Apple products. In a note to investors, the analyst not only corroborated the rumored specs for the approaching Samsung smartphone, but also hinted at the chance of the Galaxy S8 faring not as well as the Galaxy S7.
Galaxy S8 Predicted Sales
The analyst has forecasted that the Galaxy S8 shipments will be between forty million to forty five million, that is actually a number of million less than that for the Galaxy S7. The predecessor had notched up fifty two million unit sales globally in 2016.
For people wanting to know what’ll result in the slip in product sales, Kuo implies it’s the fact Galaxy S8 will hit the racks much later than the Galaxy S7. The latter introduced in March 2016, whereas the Galaxy S8 and also Galaxy S8 Plus are actually anticipated to hit the shelves on April twenty eight, rather than April twenty one.
Surprisingly, the Galaxy S7 and also Galaxy S7 edge easily outsold the Galaxy S6 and also Galaxy S6 advantage in the very first month itself, but judging by Kuo’s studies, the future seems not so promising for the Galaxy S8.
Should We Believe Kuo?
While Kuo has a reduced revenue perspective for the Galaxy S8 when compared to the Galaxy S7, Samsung appears to be positive of its brand new flagship. The business has reportedly doubled the original shipment figure for the Galaxy S8 and also Galaxy S8 Plus by forty % when compared to the Galaxy S7 and also Galaxy S7 edge.
Samsung is actually pulling out all stops to come up with the smartphone a financial success as the company’s fortunes are actually hinged on the product, a lot more and so after the Galaxy Note seven debacle.
The South Korean OEM is reportedly manufacturing 4.7 million units of the Galaxy S8 in March at its Vietnam production facility. Come April, this figure is actually anticipated to be 7.8 million. Samsung is actually anticipating an overwhelming response for its Galaxy S8 and forecasts product sales of 12.5 million in the 1st month of release itself.
Additionally, analysts are actually anticipating a greater need for the Galaxy S8+ when compared to the Galaxy S8, judging by Samsung’s previous records.
Nevertheless, Kup might perhaps be basing the predictions of his on the reality that the Galaxy S7 was the single flagship smartphone from Samsung in 2016, that fueled its revenue even more. This will probably not be the situation for the Galaxy S8 as the Galaxy Note eight will probably debut in the 2nd one half of the season.