Apple Inc. (AAPL) Won’t Be Bothered By Samsung’s Kiosks in Best Buy

Apple Inc. (AAPL) Won’t Be Bothered By Samsung’s Kiosks in Best Buy
ElisaRiva / Pixabay

Earlier today, Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) announced its plans to open a number of “Samsung Experience” kiosks throughout Best Buy Co., Inc. (NYSE:BBY) stores beginning this month and continuing these openings through the early months of summer. While Best Buy’s shares soared on the news, it’s difficult to believe that Apple Inc. (NASDAQ:AAPL) employees nor investors are terribly worried about Samsung’s plans.

Apple Inc. (AAPL) Won't Be Bothered By Samsung's Kiosks in Best Buy

Apple Inc. (NASDAQ:AAPL) is a monster with a huge following of their faithful willing to drop everything to embrace the newest version of whatever they put on offer. While this could certainly change it’s not going to happen based on the release of a few new Samsung products.

This Tiger grand-cub was flat during Q2 but is ready for the return of volatility

Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More

There are a number of other reasons that Apple Inc. (NASDAQ:AAPL) will be just fine:

Even with specifically trained salespeople, “Samsung Experience” employees won’t be able to hold a candle to those who work in the Genius Bar. The level of knowledge they possess and display makes it a marvel of tech support. I’ve found myself just watching and listening to them on occasion. How many customer service departments can make that claim?

The Apple Store has become a destination location. You can read all the reviews you want about the “retina display” for example but until you see it, you won’t believe it. There is something to be said for the design of Apple’s products and the layout of their stores which provide shoppers a portal into both the present and the future with simple aesthetics. Given that the majority of “Samsung Experience” locations will be housed in a few evacuated rows of CDs, there is no danger of feeling the same way amongst a dead medium.

Best Buy Co., Inc. (NYSE:BBY), simply, doesn’t inspire confidence. They have a tarnished reputation and the other products they sell will have a negative effect on those that peddle their wares there with the exception of Apple Inc. (NASDAQ:AAPL).

Warranty issues will not be addressed in the “Samsung Experience” boutiques, nor will tech support. Hardly a Genius Bar that might find me making an impulse purchase of a mini-iPad for my son.

Previous article George Soros: Japanese Policy Dangerous, Yen Could Collapse
Next article Apple Inc. (AAPL) Gains Ground On Android In The U.S.
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

No posts to display