AIRLINK 75.89 Increased By ▲ 0.46 (0.61%)
BOP 5.11 Increased By ▲ 0.04 (0.79%)
CNERGY 4.64 Decreased By ▼ -0.11 (-2.32%)
DFML 32.53 Increased By ▲ 2.43 (8.07%)
DGKC 88.70 Decreased By ▼ -1.78 (-1.97%)
FCCL 22.75 Decreased By ▼ -0.15 (-0.66%)
FFBL 33.30 Increased By ▲ 0.35 (1.06%)
FFL 10.06 Increased By ▲ 0.01 (0.1%)
GGL 11.15 Decreased By ▼ -0.19 (-1.68%)
HBL 114.60 Increased By ▲ 1.11 (0.98%)
HUBC 137.35 Increased By ▲ 0.84 (0.62%)
HUMNL 9.56 Decreased By ▼ -0.34 (-3.43%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.71 Increased By ▲ 0.02 (0.43%)
MLCF 40.33 Decreased By ▼ -0.77 (-1.87%)
OGDC 137.40 Increased By ▲ 2.60 (1.93%)
PAEL 27.85 Increased By ▲ 0.24 (0.87%)
PIAA 24.60 Decreased By ▼ -0.87 (-3.42%)
PIBTL 6.90 Decreased By ▼ -0.02 (-0.29%)
PPL 125.20 Increased By ▲ 0.75 (0.6%)
PRL 27.50 Increased By ▲ 0.10 (0.36%)
PTC 14.23 Decreased By ▼ -0.27 (-1.86%)
SEARL 61.50 Increased By ▲ 1.30 (2.16%)
SNGP 73.10 Increased By ▲ 2.55 (3.61%)
SSGC 10.61 Increased By ▲ 0.05 (0.47%)
TELE 8.79 Decreased By ▼ -0.10 (-1.12%)
TPLP 11.81 Increased By ▲ 0.03 (0.25%)
TRG 66.99 Decreased By ▼ -0.67 (-0.99%)
UNITY 25.17 No Change ▼ 0.00 (0%)
WTL 1.45 Decreased By ▼ -0.03 (-2.03%)
BR100 7,790 Increased By 65.3 (0.84%)
BR30 25,728 Increased By 126.8 (0.5%)
KSE100 74,447 Increased By 647.5 (0.88%)
KSE30 23,912 Increased By 288.5 (1.22%)

imageSEOUL: The Apple iPhone 7 went on sale in South Korea on Friday, seeking to fill a void left by arch-rival Samsung on its home turf following a damaging recall fiasco over the Note 7 smartphone.

The South Korean electronics giant discontinued the Note 7 -- one of its key iPhone challengers -- on October 11 following reports that replacements for combustible models were also catching fire.

The decision is set to cost Samsung billions in lost profits, and there are already signs that Apple is reaping some of the benefits.

An official at mobile carrier Korea Telecom (KT) said the first batch of 50,000 iPhone 7s they put up for pre-order a week ago sold out in 15 minutes.

"I would attribute part of that to the Note 7 effect," said the official, who declined to be identified because he was not authorised to talk to the media.

Customer defection is one of Samsung's biggest concerns, especially as the Note 7 was specifically aimed at taking on the iPhone in the premium handset market.

In the hope of retaining customer loyalty, Samsung had offered Note 7 users a 70,000 won ($60) phone bill credit if they swapped their faulty phones with another Samsung handset.

The half-dozen customers buying the new iPhone at a KT store in central Seoul on Friday were all long-time Apple users who had pre-ordered their handsets.

Office worker Lee Kyung-Hee, 34, said she had moved fast when the pre-order service opened, fearing a surge of interest from unhappy Note 7 owners.

"I set an alarm and was very quick," Lee said.

In South Korea, retail prices for the iPhone 7 and 7 Plus start from 869,000 won and 1.02 million won respectively, for their basic 32GB models.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.