Will the Galaxy S 4 Take a Bite Out of Apple?
Some Asian companies that supply Apple’s (NASDAQ:AAPL) components for the iPhone may soon experience a decrease in demand as the new Samsung (SSNLF.PK) Galaxy S 4 eats into Apple’s share of the smartphone market, predict some analysts. The Galaxy S 4 debuted March 14 at a much-hyped media event at Radio City Music Hall in New York City.
According to International Data Corporation market research via The Wall Street Journal, Samsung continued to dominate the worldwide smartphone market last year with a 39.6 percent share, which gave it a 14.5 percent lead over Apple’s 25.1 percent share. Taiwanese manufacturer HTC sold 6 percent of all smartphones in the world last year.
Since Samsung’s mobile devices are made primarily from components it makes on its own, other Asian companies that make smartphone components see little benefit from Samsung’s market dominance. Apple’s suppliers include lens maker Largan Precision; casing manufacturer Catcher Technology; and smartphone assembler Hon Hai Precision Industry Co., Ltd., which is traded as Foxconn…