Both models of Apple's iPhone 6 are sweeping the globe and the South Korean press is trying to put the very best spin on it as they possibly can knowing full well that Samsung's latest smartphone models will fall short in popularity this quarter. In one report, the Korean press points out that with Apple's large screen iPhone 6 Plus now being available in China, Apple's Korean part suppliers are expected to be beneficiaries of the so-called Apple effect. Yet no matter how they attempt to spin this, a new survey reported on today points to the iPhone 6 being radically more popular than Samsung's new Note 4.
This morning the Korea Times quotes South Korea's IM Investment Securities analyst Lee Min-hee stating that "SK Hynix, Samsung Electro-Mechanics, LG Display and LG Innotek are companies that will see their stock prices receive a boost from iPhones' strong performance on the global market."
In a second Korean report published this morning we found a real gem. Their report covered a market survey conducted by "Goodmobile" between Sept. 12 and Oct. 9. The survey revealed that 76 percent of respondents said that they wanted to purchase the iPhone 6+ rather than the Galaxy Note 4. The iPhone 6+ scored high marks in the areas of Apple's iOS and the App Store. It would appear that Samsung's so-called leadership in "Phablets" is evaporating overnight with Apple's foray into this sector.
In a third Korean story that has been covered by most local websites over the last few days we learn that "Pantech, the Korean maker of mobile devices that is facing fierce competition from Samsung, LG and Apple, sought bankruptcy protection in the U.S. as it seeks to reorganize at home."
The success of Apple's iPhone 6 is putting pressure on smaller brands. This if forcing Samsung and LG to squeeze brands like Pantech further by invading their market space with greater ferocity because they can't compete with Apple on the high end.